Fund Balance. Any cash held for the Client, other than cash received by USL in respect of settling a Transaction and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws from time to time. The Client’s Account will be credited at a rate as stipulated by USL’s sole discretion from time to time.
Fund Balance. During the term of this Agreement, the County shall furnish to the Purchaser at the end of each quarterly accounting period a report of account balances for any fund or account relating to the Notes or established under the Trust Agreement.
Fund Balance. Any cash held for the Client, other than cash received by GTJAS in respect of settling a Transactions and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank nominated by GTJAS as required by the applicable laws and regulations from time to time. The Client’s Account may be credited with part or all interests GTJAS earned or received from its banker in such client trust account as GTJAS at its absolute discretion thinks fit.
Fund Balance. The Board of County Commissioners, WCCLS and the Contractors are committed to a strategy that balances fiscal prudence with service delivery to meet community needs. WCCLS will maintain a minimum fund balance of three months of total annual expenditures. As projected annual expenditures increase, the total minimum fund balance will increase proportionately.
Fund Balance. Fund balance is the excess of a fund’s assets over its liabilities in a governmental fund while Net Assets is the equity associated with the general government’s assets and liabilities.
Fund Balance. In the new combined TIF Fund, the City must attain a fund balance of at least 101% of the upcoming annual debt service due before December 31 of that calendar year on TIF Bonds issued and outstanding in connection with the Consolidated Redevelopment Project Area as of June 30th of that Calendar year.
Fund Balance. In recognition that Program Expenditures may be higher in years in which Xxxxxxx Aquifer levels are low or are anticipated to be low, the HCP Program Account will allow for the accumulation by the EAA of a Fund Balance. The accumulated Fund Balance will be capped at $46 million (Fund Balance Cap), unless amended by the Implementing Committee. Any Excess Fund Balance may be used to reduce the Annual Funding Obligation of the EAA as otherwise required under Section 5.2. The EAA will reduce the Program Aquifer Management Fees assessed for the next following year to fund the Annual Program Budget to reflect the use of the Excess Fund Balance in that year.
Fund Balance. The Center may retain a year-end fund balance not to exceed twenty-five percent (25%) of the Center's total annual operating budget. The Management Board will, after each fiscal year audit, return to each Pmticipant its share of any carryover funds in excess of those amounts necessary to fund the reserve fund. The return of such funds to each Participant will be prorated using the allocation formula calculated pursuant to section IV(a) above for such fiscal year. In lieu of returning such funds, the Management Board may formally request alternative uses for such carryover funds, subject to the approval of the Participants.
Fund Balance. Each Fire Department shall have on hand, as of the beginning of the fiscal year, available (unrestricted) cash and investments of at least 10% of their annual County appropriation, or $25,000.00, whichever is greater The Department agrees that it will begin each fiscal year on July 1 with a budget balance consisting of available cash and investments (less current liabilities) not less than $25,000.00 or an amount equal to 10% (ten percent) of the Department’s operating budget for the previous fiscal year, whichever is greater, and that it will end each fiscal year on June 30 with a budget balance consisting of available cash and investments (less current liabilities) not less than $25,000.00 or Replace paragraph with fund balance requirement in long range business plan: At a minimum, all nonprofit Fire Departments will maintain a fund balance sufficient for their own cash flow purposes. Departments may contact County staff for assistance in determining an appropriate fund balance for their department. Departments are encouraged, but not required, to maintain a fund balance of at least 5% of their annual operating budget. If a department’s fund balance falls below 5% of its annual operating budget, and the department wishes to raise it to 5%, the department may present a plan to County staff to develop a plan to bring the fund balance up to 5%. Departments will make such requests in writing. At their discretion, departments may an amount equal to 10% (ten percent) of the Department’s operating budget, whichever is greater, for the year just ended. maintain a fund balance between 5-10% of their operating budget. This range is meant to give departments flexibility in managing their operating funds. Fire Departments with fund balance and reserves exceeding 10% of the department’s annual operating budget are expected to use these resources for planned capital purchases, retiring debt, or emergency one-time purchases. Accordingly, a department with reserves in excess of 10% of its operating budget may choose from one or more of the following uses for the excess funds: • Retire existing debt, • Finance apparatus, station improvements, or other capital needs that have been identified as priorities by the Fire Commission and County staff in the Long Range Plan, • Reserve funds for future capital projects that have been identified as priorities by the Fire Commission and County staff in the Long Range Plan (funds must be reserved formally with the department’s audit...
Fund Balance. A. If the District’s 2014-2015 audited general fund (excluding any segregated, categorical, or impaired funds) is equal to, or greater than, Two Million Four Hundred Thousand Dollars ($2,400,000.00), there will be a 2.5% Wage Increase for the 2015-2016 school year over the base of a 2.5% decrease from the 2012-2013 wage-scale (which shall result in a total of a 0% increase or decrease during the 2015-2016 school year).
