Retrospective budgeting definition

Retrospective budgeting means that the agency shall compute the amount of assistance for a payment month based on actual income or cir- cumstances which existed in a previous month, the ‘‘budget month’’.
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Retrospective budgeting means the computation of the amount of assistance for a payment month based on the actual income and circumstances that existed in the budget month.
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Retrospective budgeting means the computation of a household's food stamp allotment for an issuance month based on actual income and circumstances which existed in the budget month.
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Examples of Retrospective budgeting in a sentence

  • Retrospective budgeting will begin in the month after the household reported the status change.The department shall notify households who become exempt from monthly reporting within ten days of the date the department becomes aware of the change.

  • When a person reapplies during the same month in which a termi- nation became effective, the State may consider income received before the date of application.[44 FR 26083, May 4, 1979] § 233.26 Retrospective budgeting; de- termining eligibility after the initial one or two months.(a) Under retrospective budgeting, there are three options for determining eligibility.

  • In States which issue two checks for each payment month, these time periods apply to the first check.[44 FR 26083, May 4, 1979] § 233.24 Retrospective budgeting; de- termining eligibility and computing the assistance payment in the ini- tial one or two months.(a) States which make assistance payments within 25 days of the close of the budget month shall determine eli- gibility and compute the amount of the payment for all recipients prospec- tively for the initial month of assist- ance.

  • Retrospective budgeting means budgeting income from a past month to determine benefits for a future month, e.g., earned income received in January is reported to the Department in February and is then budgeted against March food stamp benefits.

  • Retrospective budgeting is only used for filing units that are subject to Monthly Reporting.

  • Retrospective budgeting often requires reviewing month(s) prior to the review month.

  • Retrospective budgeting must be used to calculate the monthly assistance payment amount after the payment for the first two months has been made under subpart 1.

  • In States which issue two checks for each payment month, these time periods apply to the first check.[44 FR 26083, May 4, 1979] 233.24 Retrospective budgeting; de- termining eligibility and computing the assistance payment in the ini- tial one or two months.(a) States which make assistance payments within 25 days of the close of the budget month shall determine eli- gibility and compute the amount of the payment for all recipients prospec- tively for the initial month of assist- ance.

  • Retrospective budgeting in a Monthly Reporting and Retrospective Budgeting system means the computation of a household’s food stamp allotment for an issuance month based on actual in- come and circumstances which existed in a previous month, the ‘‘budget month.’’Review date for quality control active cases means a day within the sample month, either the first day of the cal- endar or fiscal month or the day a cer- tification action was taken to author- ize the allotment, whichever is later.

  • Retrospective budgeting meant budgeting income from a past month to determine benefits for a future month, e.g., earned income received in January would be reported to the Department in February and then budgeted against March food stamp benefits.


More Definitions of Retrospective budgeting

Retrospective budgeting means the calculation of eligibility for a month based on actual income and circumstances which existed in the budget month.
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Retrospective budgeting means a determination, made by the human service zone during the processing month, based on income and circumstances of the household, during the base month, of the amount of any grant of assistance in the benefit month.
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Retrospective budgeting means the computation of the amount of benefits for a payment month based on the actual income which existed in the corresponding budget month and circumstances which exist in the payment month. The payment month is the second month following the budget month.]
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Related to Retrospective budgeting

  • Prospective budgeting means the determination of eligibility and the amount of assistance for a calendar month based on the best estimate of income and circumstances which will exist in that calendar month.

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

  • Pro Forma Cost Savings means, with respect to any four-quarter period, the reduction in net costs and expenses that:

  • Design Criteria Package means concise, performance-oriented drawings or specifications for a public construction project. The purpose of the Design Criteria Package is to furnish sufficient information to permit Design-Build Firms to prepare a bid or a response to the District’s Request for Proposals, or to permit the District to enter into a negotiated Design- Build Contract. The Design Criteria Package must specify performance- based criteria for the public construction project, including the legal description of the site, survey information concerning the site, interior space requirements, material quality standards, schematic layouts and conceptual design criteria of the project, cost or budget estimates, design and construction schedules, site development requirements, provisions for utilities, stormwater retention and disposal, and parking requirements applicable to the project. Design Criteria Packages shall require firms to submit information regarding the qualifications, availability, and past work of the firms, including the partners and members thereof.

  • Approved Budget means an annual budget-

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • 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.

  • reduction week means a period of seven consecutive days beginning with a Monday and ending with a Sunday;

  • Net direct written premiums means direct gross premiums written in this state on insurance policies subject to this chapter, less return premiums and dividends paid or credited to policyholders on such direct business. “Net direct written premiums” does not include premiums on a contract between insurers or reinsurers.

  • 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.

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Timeline means the list of critical dates and actions included in the Introductory Materials.

  • Enrollee point-of-service cost-sharing means amounts paid to

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • Direction-indicator lamp means the lamp used to indicate to other road-users that the driver intends to change direction to the right or to the left;

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.