Annual Balanced Budget definition

Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

Annual Balanced Budget has the meaning set out in subsection 4.5(b);

Annual Balanced Budget means that, in a Fiscal Year, the total revenues are greater than or equal to the total expenses. Further, for the LHIN, the meaning of annual balanced budget is also subject to Public Sector Accounting Board (PSAB) rules as well as any interpretations issued by the MOHLTC in financial management policies, directives or guidelines under paragraph 8 of this Schedule. “Health System Funding Reform (HSFR) Funding” is comprised of HBAM Funding and QBP Funding.

Examples of Annual Balanced Budget in a sentence

• The HSP will: use the Funding only for the purpose of providing the Services at the Home for which the Funding was provided in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; not use the Funding for compensation increases prohibited by Applicable Law; meet all obligations in the Schedules; fulfill all other obligations under this Agreement; and plan for and achieve an Annual Balanced Budget.

• The HSP will: fulfill all obligations in this Agreement; use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; spend the Funding only in accordance with the Service Plan; and plan for and achieve an Annual Balanced Budget.

• The HSP will: use the Funding only for the purpose of providing the Services in accordance with Applicable Law, Applicable Policy and the terms of this Agreement; not use the Funding for compensation increases prohibited by Applicable Law; meet all obligations in the Schedules; fulfill all other obligations under this Agreement; and plan for and achieve an Annual Balanced Budget.

More Definitions of Annual Balanced Budget

Annual Balanced Budget means that, in each Funding Year of the term of this Agreement,thetotalrevenuesof theHSParegreaterthanorequalto thetotalexpenses, from all sources, of the HSP; “Applicable Law” meansallfederal, provincial ormunicipallaws, regulations, common law, orders, rulesor by-laws thatareapplicableto the HSP, the Services, this Agreement and the parties’ obligations under this Agreement during the term of this Agreement;

Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenuesofthe HSParegreater thanorequal to the total expenses, from all sources, of the HSP;

Annual Balanced Budget means that, in each calendar year of the term of this Agreement, the totaI expençeç of the HSP in reçpect of the Serviceç at a Home are Ieçç than or equaI to the totaI revenue of the HSP in reçpect of the Serviceç at the çame Home.

Annual Balanced Budget meanç that, in each Funding Year of the term of thiç Agreement, the totaI revenueç of the HSP are greater than or equaI to the totaI expençeç, from aII çourceç, of the HSP;

Annual Balanced Budget means that, in each fiscal year of the term of this Agreement, the total expenses of the Health Services Provider are less than or equal to the total revenue, from all sources, of the Health Services Provider.

Annual Balanced Budget means that, in a Fiscal Year, the total revenues are greater than or equal to the total expenses.

Annual Balanced Budget means that, in each fiscal year of the term of this Agreement, the total expenses of NISA are less than or equal to the total revenue, from all sources, of NISA.