Sentences with phrase «as a contingency reserve»

Budget 2015 left very little margin for error when it came to balancing the books, with a projected surplus of $ 1.4 billion plus an additional $ 1.0 billion as a contingency reserve, giving the federal government a $ 2.4 billion margin for error.

Not exact matches

This sounds as if you might eliminate the contingency reserve in the future.

The contingency reserve would not be used to finance new policy initiatives, such as the Family Tax Cut and the increase to the Universal Child Care Benefit.

ICO Contingencies We reserve the right to change or modify the Terms of Service so as to carry out the compliance and that the same is in accordance with any new laws or regulations or rules or circulars or notifications or orders which may come into force, and / or to comply with the changes or amendments made in the existing laws or regulations or rules or circulars or notifications or orders.

The cash reserves are there as a contingency, maybe it causes a shake up and gets in a manager with higher ambitions than just to win the «wenger cup» every season, which as usual is all we can shoot for and no longer is this even guaranteed.

The finance minister has indicated the budget's $ 3 - billion contingency reserve — designed as a cushion against unforeseeable events like natural disasters — could be in play.

A.M. Best arrives at this rating by examining data such as policyholder reserve funds, other investment or operating contingency funds, and miscellaneous reserves reported as liabilities on the balance sheet.

Monthly Strata Fees — Payable to the Strata Corporation All Cedars homes: $ 83 The monthly fees include payment for garbage removal, snow removal, landscaping, property management as well as a contribution towards a contingency reserve for future expenses.

(b) the owner developer must calculate the contribution to the contingency reserve fund required under section 12 of the Act as a percentage of the estimated annual operating expenses as set out in the interim budget for the new phase of the strata plan only;

6.11 In addition to an investment permitted under the Act, for the purposes of section 95 (2)(a) or 108 (4)(b)(i) of the Act, as applicable, a strata corporation may invest money held in the contingency reserve fund or money collected on a special levy in one or more of the following investments:

(b) if the amount of money in the contingency reserve fund at the end of any fiscal year after the first annual general meeting is equal to or greater than 25 % of the total amount budgeted for the contribution to the operating fund for the fiscal year that has just ended, additional contributions to the contingency reserve fund may be made as part of the annual budget approval process after consideration of the depreciation report, if any, obtained under section 94 of the Act.

(6) Subsection (5) does not apply to a bylaw that was filed in the land title office before July 1, 2000 to the extent that the bylaw provides for the apportionment of contributions to a contingency reserve fund as a common expense according to type of strata lot, if that type of strata lot is a type identified in the bylaws of the corporation or a section.

Section 194 of SPA provides that a section has the same powers and duties as the strata corporation in matters that relate solely to the section in respect of certain enumerated matters, including establishing an operating and contingency reserve fund for common expenses of the section.

In addition to maintaining separate trust accounts, when strata fees that include contingency reserve funds or special levy payments of a section are received by the brokerage, the brokerage must transfer the portion of the fee that relates to the contingency reserve fund or special levy to the contingency reserve fund trust account or special levy trust account of the section, as the case may be, within the time period set out in section 7 - 9 (4) of the Rules.