Unassigned funds definition

Unassigned funds means the undistributed and unappropriated amount of surplus remaining on the balance sheet date as the result of all operations of an insurance company from its commencement of business.[PL 1993, c. 313, §9 (NEW).]

Unassigned funds shall have the meaning set forth in Section 3.6(c).

Unassigned funds means the "unassigned funds (surplus)" of 20th Century ---------------- calculated in the manner set forth in the "Liabilities, Surplus and Other Funds" statement, page 3, line 24C of the Annual Statement.

Examples of Unassigned funds in a sentence

• Unassigned funds are used after all other fund balances are expended.

• Unassigned funds (surplus) is then adjusted each period as prior service cost is amortized.

• Unassigned funds" means the undistributed and unappropriated amount of surplus remaining on the balance sheet date as the result of all operations of an insurance company from its commencement of business.

• Unassigned funds shall always be spent after Committed and Assigned funds have been exhausted.

• Unassigned funds shall be targeted at three months of operating expenses.

• Unassigned funds within the General Fund should be at least 20% of the budgeted General Fund expenditures for the year.

• Unassigned funds are available for any legal use within the fund.

• Unassigned funds forwarded to the General Fund are targeted either to meet “one time” capital costs or to minimize the need for property tax support of the general operating program.

• The dollar amount for the Fund Balance Target and the Unassigned funds for the incoming fiscal year shall be identified and approved by the Commission at its April meeting.

• Unassigned funds would be spent last.District-wide StatementsEquity is classified as net position and displayed in three components:€ Net investment in capital assets.