Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.
Surplus funds means money which belongs to or is under the control of the local unit and is available for investment, not being required by law or agreement with bondholders to be segregated and invested in a specified manner.
Surplus funds means funding available after the maximum award has been obligated to all recommended applicants in accordance with rule 283—25.3(261).
Examples of Surplus funds in a sentence
Surplus funds are generally only invested in instruments that are tradeable in highly liquid markets.
Surplus funds may be retained by the authority for the payment of the principal of and interest on outstanding tax increment bonds or for other purposes that, by resolution of the board, are determined to further the development program.
Surplus funds are placed with licensed financial institutions at the most favourable interest rates.
Surplus funds (the amount by which maximum reimbursements exceed actual costs) can be accumulated and carried forward within the Contract term.
Surplus funds when available are generally only invested in high credit quality financial institutions in highly liquid markets.
More Definitions of Surplus funds
Surplus funds means funds that are not needed for the immediate short- term cash requirements of the utility.
Surplus funds also referred to as “Carry-Over Funds”, means those Service Tax Funds already collected and disbursed to the Contractor in prior years for the provision of Special Services in the Area which remain unspent, including any interest earned thereon.
Surplus funds means funds in excess of those needed for normal operations in the Clearing House Accounts and the General Accounts as referenced in CME Rule 802.B.
Surplus funds means retained earnings of the pool after reserves have been established for all known and incurred, but not reported, losses of the pool after all other liabilities of the pool, including unearned premium reserves, have been deducted from total assets.
Surplus funds means all those moneys and securities readily convert- ible into cash, except allowance funds and segregated trust funds, which are held to the credit of an Indian at the
Surplus funds means funds in excess of those needed for normal operations in the Clearing House Accounts and the General Accounts, each as referenced in CME Rule 802.B, CBOT Rule 802.B, NYMEX Rule 802.B or any other similar Rule.
Surplus funds means those funds which are not needed to meet a credit union's members' loan needs and credit union expenses.