Surplus/Deficit definition

Surplus/Deficit means the positive or negative budget balance in a capital project upon completion.
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Surplus/Deficit means, as of the Reference Time, the amount, if any, by which (i) the Capital and Surplus of the Insurance Subsidiary is less than (ii) the Risk-Based Capital of the Insurance Subsidiary multiplied by 3.
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Examples of Surplus/Deficit in a sentence

  • XXX COMMUNITY COUNCIL Statement of Income and Expenditure of XXX Community Council for the period XXX to XXX Income £ Council Grant XXX Other Donations XXX Income From Fund Raisers XXX Other Income XXX Bank/Building Society Interest XXX Total Income XXX Postages XXX Hall Hire XXX Advertising XXX (Surplus)Deficit for the Period XXX Opening Balance XXX Closing Balance as at XXX XXX Bank Account XXX Cash in hand XXX Prepared by …………………………… Date…………………………………..

  • The Sub-Recipient shall submit a Consolidated Surplus/Deficit Report, in a format provided by the AAAPP, to the AAAPP by the 10th of each month.

  • The Sub-Recipient shall submit to the AAAPP by the 8th of each month a Surplus/Deficit Report, in a format provided by the AAAPP.

  • The BC Hydro purchase of gas and resulting energy output would serve load and that energy would also then be added to the actual Annual Flexible Surplus/Deficit.

  • To better align the gas generation decision as generally a reliability or capacity based decision, Powerex can purchase the gas at its cost and receive the electricity as an import into the Transfer Volume Account and not have it impact the actual Annual Flexible Surplus/Deficit.

  • For any fiscal year when the actual amount expended is less than the amount of the annual allocation adjusted by the carried forward balance in the Surplus/Deficit Fund from the prior fiscal year, the unexpended amount shall be added to the Surplus/Deficit Fund.

  • For any fiscal year when the actual amount expended is greater than the amount of the annual allocation adjusted by the carried forward balance in the Surplus/Deficit Fund from the prior fiscal year, the over expended amount shall be deducted from the Surplus/Deficit Fund.

  • The balance in the Surplus/Deficit Fund shall be added to or deducted from the annual allocation for the subsequent fiscal year.

  • Loss with Calculated Revenue Surplus/Deficit: An annual reconciliation of PAC’s actual Net Income/Loss as reported on Schedule F-2 of its Annual Report with its recognized Revenue Surplus/Deficit as calculated based on the ratemaking structure approved in the instant rate proceeding.

  • Total Three Year Revenue ‐ Total Three Year Expenditures = Three Year Net Surplus/Deficit = = Data source(s):  Three years of Statements of Activities with the most recent year counting as year 3 and the earliest (and oldest) of the three years counting as year 1.