Reserve fund balance definition

Reserve fund balance means the cumulative excess or deficit of reserve revenues over reserve expenses for a reserve category at a particular point in time.
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Reserve fund balance means the balance standing to the credit of the Reserve Fund Account;
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Reserve fund balance. As of any date of determination, an amount equal to the balance in the Reserve Fund as of such date, adjusted, if such date is on or after the Determination Date in a given month and on or prior to the related Payment Date, to reflect any withdrawals to occur on such Payment Date pursuant to Section 5.01(b)(2) as reported in the related Servicer's Monthly Remittance Report. SALE AND SERVICING AGREEMENT (IBJ Warehouse) - Page 27
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Examples of Reserve fund balance in a sentence

  • The Airport Improvement Reserve fund balance was transferred to the operating fund in fiscal year 2013.

  • And, that the Board of Trustees approves spending $500,000 of the One Mill Reserve (fund balance) and$500,000 from Major Maintenance for the additional cost of the Ludden Library renovation project.

  • Authorize the Auditor and Controller to increase the Planning & Development Services Building Reserve fund balance commitment within the General Fund by $484,760 based on available prior year Land Use and Environmental Group General Fund fund balance.

  • With this transfer the General Reserve fund balance will be $6.9 million, and the General Fund balance will be $3,601,255.

  • Policy 10.5 Medical Reserve Fund Balance‌The Commission will maintain a Medical Reserve fund balance equal to 25% of the budget for Health Insurance Expense as a contingency for significant medical expense that exceed the budgeted allotment in a given year.

  • It is recommended that first priority shall be to set aside sufficient resources in the committed Strategic Reserve fund balance to provide 30 days working capital consistent with the County’s Strategic Reserve Policy.

  • Available funds from State Transit Assistance (STA) and MCOG’s Capital Reserve fund balance are to be used for transit purposes.

  • Ensure sound financial management of the Fleet Replacement Reserve, including annual review the Fleet Replacement Reserve fund balance for the purposes of determining Fleet Replacement Fees and ensure the sustainability of the reserve.

  • All words in this chapter shall have their ordinary and usual meanings except those defined in this section which shall have the meaning set forth below: A.

  • Reserve fund balance has been used to meet operating needs and has steadily decreased.

Related to Reserve fund balance

  • Reserve Fund Requirement means (i) on any Payment Date other than a Payment Date described in clause (ii), an amount equal to 0.25% of the Aggregate Securitization Value of the 2023-1 Leases as of the Cutoff Date or (ii) on any Payment Date occurring on or after the date on which the Note Balance has been reduced to zero, zero.

  • Debt Service Reserve Fund Requirement means, with respect to the 2023 Series B Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2023 Series B Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.