Operational Deficit definition

Operational Deficit means the difference between the amounts of Revenue collected and the State’s actual operation and maintenance costs for Management of the Project Areas. State’s actual operation and maintenance costs include, but are not limited to, costs incurred for management of the District relative to the Project Areas, as well as administrative overhead. Operational Deficit does not include indirect overhead such as required audits.
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Operational Deficit means the difference between the amounts of Revenue collected and the State’s actual operation and maintenance costs for
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Operational Deficit means an amount equal to the Cash Balance Deficit less the amount of any Transaction Cost Deficit.
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Examples of Operational Deficit in a sentence

  • Note: Withholding or lowering payments when funds in the account are below the Operational Deficit Threshold may help to preserve the long-term financial viability of the account for the Owner.

  • Reclamation may, in situations where Napa County’s actual Operation and Maintenance (O&M) costs at the Project Areas exceed Revenues and result in an Operational Deficit, enter into a Financial Assistance Agreement with Napa County to provide O&M funding of no more than fifty percent by way of a Cost Share arrangement as authorized by law.

  • Consistent with Exhibit M and subject to Federal appropriations, Reclamation shall Cost Share the annual Operational Deficit not to exceed the cumulative Federal Ceiling or 50% of operational losses.

  • Reclamation shall, in situations where the State’s actual Operation and Maintenance (O&M) costs at the Project Areas exceed Revenues and result in an Operational Deficit, enter into a Financial Assistance Agreement with the State to provide O&M funding of no more than fifty percent by way of a Cost Share arrangement as authorized by law.