Budget Variances definition

Budget Variances means actual expenditures for Budget line items that are not greater than 120% of what is projected in the Budget for such line item for each month during any Budget period, or 110% of what is projected on a cumulative basis for that portion of the Budget period then ended, provided total expenditures in the Budget may not be more than 110% of what is projected for any month, and receipts may not be less than 80% of what is projected in the Budget for such line item for each month during the Budget period, or less than 90% of what is projected on a cumulative basis for that portion of the Budget period then ended. For purposes of determining Budget Variances, unused expenditures for particular line item(s) shall carry forward to successive weekly Budget periods on a line-by-line basis.
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Budget Variances has the meaning specified in Section 5.18 of the Agreement.
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Budget Variances. 1.1 (Definition of Approved Operating Expenses) “Capital Reserve Subaccount” - 3.4 “Cash Collateral Subaccount” - 3.8 “Cash Management Accounts” - 3.10 “Casualty” - 7.2.1 “Casualty/Condemnation Prepayment” - 2.3.2 “Casualty/Condemnation Subaccount” - 3.6 “Casualty Consultant” - 7.4.1(e) “Casualty Restoration” - 7.2.1 “Casualty Retainage” - 7.4.1(f) “Clearing Account” - 3.1
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Examples of Budget Variances in a sentence

  • Budget Variances The budget variances in this report have been updated to reflect our Winter forecast for caseloads and costs and assumptions regarding federal matching funds in Goal B Medicaid and Goal C CHIP.

  • Budget Variances Detailed explanations have been provided by staff responsible for the income or expenditure where variations both favourable and unfavourable from the year to date budget set were considered to be significant, that is $10,000 or more.

  • Budget Variances: Positive variances indicate actual revenues exceed budget and actual expenses are lower than budget.

  • Finance Director Elizabeth Holleb presented information on the General Fund Balance, FY2020 General Fund Operations and Budget Variances, and General Fund Five Year Forecast.

  • Budget Variances: Contractor shall obtain the expressed written consent from the County for any variation in the line item amounts detailed in Attachment B-1 of this agreement.

  • Total Budget by Expense CategoriesThe following table shows the changes in the budget from 2015 to 2016 by expense category for NERC, each Region and WIRAB.2016 vs 2015 - Budget Variances by Expense Category Total Personnel ExpensesTotal 2016 personnel expenses for the ERO Enterprise are increasing $4.5M, 3.9%, over 2015 primarily due to modest increases in salaries expense for existing staff and projected market increases in the cost of employee benefit plans.

  • Budget Variances Commentary: Refer Note 6.1 for major variance explanations.

  • Budget Variances Schedules 1, 3 and 5 of this report reflect the trends for caseloads and costs andassumptions regarding collected revenues and federal funds included in HHSC’s Winter 2016 forecast for Medicaid, CHIP, TANF, and WHP.

  • The Secured Parties have agreed to permit the Debtors to use the Cash Collateral in accordance with this Interim Order, including the Budget (as defined below) (subject to the Permitted Budget Variances (as defined below)), and subject to the other terms and conditions set forth herein, including the protections afforded parties in “good faith” under section 363(m)of the Bankruptcy Code.

  • Type of ProjectLowestvariance allowedHighestvariance allowedMeanvariance allowedStd.deviation of variancesIS Development (n=22)Table 3: ABC Consulting- Acceptable Interim Budget Variances by Project Type ISD Method Factors Developer involvement in the estimation and budgeting process was important in some of the cases studied.

Related to Budget Variances

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Permitted Variance has the meaning given in Section 6.15.

  • Business Plan means the information required to be supplied to the

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • Budgets has the meaning set forth in Section 2.12(b).

  • Cluster development means a contiguous cluster or

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Budget Period means the fiscal period for which a budget is prepared.

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.

  • Development Budget shall have the meaning set forth in Section 3.3.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Operating Budget has the meaning given in Section 3.11(a).

  • Phase 1 means the first implementation phase of this section, beginning June 1, 2018 and ending May 31, 2022.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Clinical peer means a physician or other health care professional who holds a non-restricted license in a state of the United States and in the same or similar specialty as typically manages the medical condition, procedure or treatment under review.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Treatability study means a study in which a hazardous waste is subjected to a treatment process to determine: (1) Whether the waste is amenable to the treatment process, (2) what pretreatment (if any) is required, (3) the optimal process conditions needed to achieve the desired treatment, (4) the efficiency of a treatment process for a specific waste or wastes, or (5) the characteristics and volumes of residuals from a particular treatment process. Also included in this definition for the purpose of the § 261.4 (e) and (f) exemptions are liner compatibility, corrosion, and other material compatibility studies and toxicological and health effects studies. A “treatability study” is not a means to commercially treat or dispose of hazardous waste.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Budget Act means an act containing appropriations which form a portion of the state's annual budget.

  • Annual Operating Plan has the meaning ascribed to it in Section 15.3(b)(i).