Uninsured public funds definition

Uninsured public funds means any amount of public funds of a public funds depositor on deposit in an account at a financial institution that exceeds the amount of public funds in that account that are insured by the federal deposit insurance corporation or the national credit union administration.
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Uninsured public funds shall have the meaning given to such term in Iowa Code § 12C.1(2)(h), as amended.
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Uninsured public funds means any amount of public funds of a public funds depositor on deposit in an account at a financial institution that exceeds the amount of public funds in that account that are insured by the federal deposit insurance corporation or the national credit union administration.3. A deposit of public funds in a depository pursuant to this chapter shall be secured as follows:a. If a depository is a credit union, then public deposits in the credit union shall be secured pursuant to sections 12C.16 through 12C.19 and sections 12C.23 and 12C.24.b. If a depository is a bank, public deposits in the bank shall be secured pursuant to sections 12C.23A and 12C.24.4. Ambiguities in the application of this section shall be resolved in favor of preventing the loss of public funds on deposit in a depository.[C24, 27, §139, 4319, 5548, 5651, 7404; C31, 35, §7420-d1; C39, §7420.01; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, S81, §453.1; 81 Acts, ch 148, §1; 82 Acts, ch 1202, §1]83 Acts, ch 97, §1, 3; 83 Acts, ch 186, §1014, 10201; 84 Acts, ch 1230, §5; 85 Acts, ch 194, §2; 89 Acts, ch 39, §12; 92 Acts, ch 1156, §20 – 22C93, §12C.193 Acts, ch 48, §3; 97 Acts, ch 185, §5; 99 Acts, ch 117, §1 – 4, 15; 99 Acts, ch 208, §42, 74; 2001 Acts, ch 158, §4; 2001 Acts, 1st Ex, ch 4, §1, 2, 36; 2002 Acts, ch 1096, §1, 2, 17; 2003 Acts, ch 18, §1; 2003 Acts, ch 48, §1; 2003 Acts, ch 179, §58, 84; 2010 Acts, ch 1018, §1, 2; 2010 Acts, ch 1028, §1, 2, 14; 2011 Acts, ch 132, §39, 106; 2012 Acts, ch 1017, §36; 2013 Acts, ch 129, §26; 2019 Acts, ch 24, §5Referred to in §12B.10, 12B.10A, 12B.10C, 12C.7, 12C.8, 12E.2, 16.45, 80.45A, 176A.8, 179.1, 181.1, 183A.1, 184.1, 184A.1, 185.1, 185C.1, 350.6, 468.528, 602.8102(64), 633D.2, 654.17C 12C.2 Approval — requirements.The approval of a financial institution as a depository of public funds for a public body shall be by written resolution or order that shall be entered of record in the minutes of the approving board, and that shall distinctly name each depository approved, and specify the maximum amount that may be kept on deposit in each depository.[C24, 27, §139; C31, 35, §7420-d2; C39, §7420.02; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §453.2]84 Acts, ch 1230, §6C93, §12C.22002 Acts, ch 1096, §3, 17Referred to in §12B.1012C.3 Reserved.
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Examples of Uninsured public funds in a sentence

  • As of June 30, 2011, the Agency’s fiduciary accounts were exposed to custodial risk as follows:WellsFund No. Account Name Fargo 1052 Ute Dam Outlets $ 16,487 1053 US Army Corps of Engineers 252,135Total bank balance 268,621Less: FDIC coverage (250,000) Uninsured public funds $ 18,621 Detail of pledged collateral specific to this Agency is unavailable because the bank comingles pledged collateral for all state funds it holds.

  • The Bank of Las Vegas Total of deposit in bank $ 2,453,998Less: FDIC Coverage (250,000) Uninsured public funds 2,203,998 Pledged Collateral held by pledging bank’s trustdepartment or agent but not in the agency’s name ( 2,516,535) Uninsured and uncollateralized $ — 50% pledged collateral requirement per statute $ 1,101,999 Total pledged collateral (2,516,535) Pledged collateral (over) under the requirement $ (1,414,536) Custodial Credit Risk – Deposits.

  • As of June 30, 2015, the Agency’s fiduciary accounts were exposed to custodial risk as follows: Fund No. Account NameWellsFargo1 052 Ute Dam Outlets$ 1 6 ,51 11 053 US Army Corps of Engineers252 ,5081 1 7 8 US Army Corps of Engineers1 1 1 Total bank balance269 ,1 30 Less: FDIC cov erage(250,000) Uninsured public funds$ 1 9 ,1 30 Detail of pledged collateral specific to this Agency is unavailable because the bank comingles pledged collateral for all state funds it holds.

  • Powell draws it with an intact 4th quarter bearing ermine, on two bars sable, on each three mullets or [HOPTON, alternative arms], but Farrer records it just as ‘made up of pieces’.Sir John Jermy of Metfield Hall (son of the couple commemorated in no.

  • As of June 30, 2014, the Agency’s fiduciary accounts were exposed to custodial risk as follows: Fund No. Account NameWells Fargo1052 Ute Dam Outlets$ 16,5061053 US Army Corps of Engineers252,4321178 US Army Corps of Engineers600,096 Total bank balance869,034 Less: FDIC coverage(250,000) Uninsured public funds$ 619,034 Detail of pledged collateral specific to this Agency is unavailable because the bank comingles pledged collateral for all state funds it holds.

  • As of June 30, 2016, the Agency’s fiduciary accounts were exposed to custodial risk as follows: Fund No. Account NameWellsFargo1052 Ute Dam Outlets$ 16 ,516 1 053 US Army Corps of Engineers252 ,5841 1 7 8 US Army Corps of Engineers1 1 1 Total bank balance269 ,21 1 Less: FDIC cov erage(250,000) Uninsured public funds$ 1 9 ,21 1 Detail of pledged collateral specific to this Agency is unavailable because the bank comingles pledged collateral for all state funds it holds.

  • As of June 30, 2013, the Agency’s fiduciary accounts were exposed to custodial risk as follows: Fund No. Account NameWellsFargo1052 Ute Dam Outlets$ 16,5001053 US Army Corps of Engineers252,3371178 US Army Corps of Engineers300,000 Total bank balance568,837 Less: FDIC coverage(250,000) Uninsured public funds$ 318,837 Detail of pledged collateral specific to this Agency is unavailable because the bank comingles pledged collateral for all state funds it holds.

  • The Bank of Las Vegas- District & Charter Total of deposit in bank $ 5,494,309Less: FDIC Coverage (108,554) Uninsured public funds 5,385,755 Pledged Collateral held by pledging bank’s trustdepartment or agent but not in the agency’s name (3,431,758) Uninsured and uncollateralized $ 1,953,997 50% pledged collateral requirement per statute $ 2,692,878 Total pledged collateral (3,431,758) Pledged collateral (over) under the requirement $ (738,881) Custodial Credit Risk – Deposits.

Related to Uninsured public funds

  • Certified public accountant means an individual who is either of the following:

  • Specified public utility means an electrical corporation, gas corporation, or telephone corporation, as those terms are defined in Section 54-2-1.

  • Registered Public Accounting Firm has the meaning specified in the Securities Laws and shall be independent of the Borrower as prescribed by the Securities Laws.

  • Independent Certified Public Accountant means a person duly registered in good standing and entitled to practice as a certified public accountant under the laws of the place of his residence or principal office and who is in fact independent. In determining whether an accountant is independent with respect to a particular person, appropriate consideration should be given to all relationships between the accountant and that person or any affiliate thereof. Determination of an accountant’s independence shall not be confined to the relationships existing in connection with the filing of reports with the awarding authority.

  • Practice of public accounting means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or a licensed public accountant, one or more kinds of professional services involving the use of accounting, attest, or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. However, with respect to licensed public accountants, the “practice of public accounting” shall not include attest or auditing services or the rendering of an opinion attesting to the reliability of any representation embracing financial information.

  • Qualified Public Offering means the sale by the Company, in an ------------------------- underwritten public offering registered under the 1933 Act, of shares of the Company's Common Stock having an aggregate offering value of at least $10 million and where the per share price to the public multiplied by the number of shares of Common Stock issued under the Purchase Agreement and this and the other Executive Stock Agreements (adjusted for stock splits and other recapitalizations) is at least $30,000,000.

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • Public access means that the public can inspect and obtain a copy of the information in a court record.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Quasi-public Agency means the Connecticut Development Authority, Connecticut Innovations, Incorporated, Connecticut Health and Educational Facilities Authority, Connecticut Higher Education Supplemental Loan Authority, Connecticut Housing Finance Authority, Connecticut Housing Authority, Connecticut Resources Recovery Authority, Connecticut Hazardous Waste Management Service, Capital City Economic Development Authority, Connecticut Lottery Corporation, or as this definition may otherwise be modified by Title 1, Chapter 12 of the Connecticut General Statutes concerning quasi-public agencies.

  • public accountant means a person who is registered or deemed to be registered under the Accountants Act (Cap. 2) as a public accountant;

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • Central Bank Regulations means the Central Bank (Supervision and Enforcement) Act 2013

  • Central Bank UCITS Regulations means the Central Bank (Supervision and Enforcement)

  • The public means one or more natural or legal persons, and, in accordance with national legislation or practice, their associations, organizations or groups;

  • International Monetary Assets means all (i) gold, (ii) Special Drawing Rights, (iii) Reserve Positions in the Fund and (iv) Foreign Exchange.

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • the public concerned means the public affected or likely to be affected by, or having an interest in, the environmental decision-making; for the purposes of this definition, non-governmental organizations promoting environmental protection and meeting any requirements under national law shall be deemed to have an interest.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • the public service means, subject to the provisions of this section, the service in a civil capacity of the Government;

  • Sponsored captive insurance company means a captive insurance company:

  • State public body means any city, town, incorporated village, county, metropolitan district, or other subdivision or public body of the state.

  • EEA national means a national of one of the following countries:

  • Controller of Examinations means the Controller of Examinations of the University;