Sentences with phrase «contingency fund»

A contingency fund is money set aside to deal with unexpected events or emergencies that might happen in the future. Full definition
We suggest maintaining a minimum contingency fund of about 1 - 2 % of the purchase price.
Responsible for liquidity management, including periodic tests of the liquidity contingency funding plan and management of lines of credit, daily cash and cash forecasting.
Most of the money to start the centre will come from the European contingency fund.
Considering the rising expenses in modern times, an optimal contingency fund is required for a complete financial security.
Finally, make sure your budget includes a 10 per cent contingency fund, to cover any unexpected extra costs.
They also included some $ 50 million in contingency funding for 2018 that Ross had folded into his new estimate but not requested.
Their argument goes like this: some 22 percent of the spending relief the county afforded the towns was not been spent on town services or in reducing taxes, but stashed in contingency funds.
Legislator Casey Jordan says the legislature is labeling $ 3 million of the department's $ 79 million budget as contingency funds, which means lawmakers will be able to have more control over that spending.
«WHO is tapping a recently established emergency contingency fund to finance its initial operations.
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.
It would also require NSF to apply rules on how project contingency funds can be spent that are at odds with existing federal policies.
The union is now asking for more time to pay back the deficit, and for the # 100,000 contingency funding written into the school's budget to be used to keep special educational needs staff and other support assistants.
You should have a good idea of how much you plan spend to make sure costs don't get out of control, but you won't know if you need access to contingency funds until after the project gets started.
Finally, the new expenses create a sort of war - chest or contingency fund which will give the adviser the resources to address opportunities that are not yet manifest.
His advice is setting up a detailed renovation budget: «The most successful renovators create a detailed budget and stick to them, but they also include contingency funds for cost and time over-runs.
Express tip In case of single earning member and health issues in the family, it is better to keep higher contingency funds.
As Andrea Horwath noted, her platform includes significant contingency funds.
Yet Canadian banks were only too happy to comply, helping Kinder Morgan Canada raise $ 4 billion for pipeline construction, a $ 1 - billion contingency fund against cost overruns, and $ 550 million in preferred shares.
It includes a $ 219 per month contingency fund and $ 714 per month for other things like household products, school supplies and recreation.
The second bill (S8439) creates an FMAP contingency fund, without which Gov. David Paterson has made it clear he will be calling the Legislature back to Albany on his timetable (read: In the middle of campaign season) and likely vetoing the revenue bill along with everything else he has already nixed.
Work was completed in less than a year and unused contingency funds were applied to emergency generators, updated elevator cabs, replacement of additional doors in common areas, new furniture in all 36 floor lounges and two main concourses.
The Welsh Labour Government has revealed to universities this week that it is scrapping the Financial Contingency Fund for higher education students.
Among such actions are all local laws, emergency appropriations and allocations form the county contingency fund.
This past September, Governor Paterson, together with Governor Baldacci of Maine, Governor Douglas of Vermont, Governor Lynch of New Hampshire, Governor Patrick of Massachusetts and Governor Rell of Connecticut, sent letters to the Senate and House appropriators, urging them to fully fund the LIHEAP program and provide sufficient contingency funds to address unforeseen energy emergencies.
In a letter to President Obama, Governor Paterson outlined the need for quick action to fully fund the program and requested the immediate release of LIHEAP contingency funds, in order to avoid a potential early shut down of New York's Home Energy Assistance Program (HEAP), which opened for the season November 1.
«We have never requested contingency funding from the Common Council.
Instead, that «soft money» typically goes for «extras» such as field trips, classroom supplies, specialty classes, such as martial arts, artists in residence and a small contingency fund.
Since then Kate Claughan, the owner, has been very worried it would happen again, and has tried to build up a reasonable contingency fund.
Franklin India Cash Management Account is Suitable for parking contingency funds for short durations of more than a week.
HELOCs offer one potential benefit versus a plain - Jane contingency fund.
Tony Tintinalli of the Bank of Montreal says it starts with examining the scope of your home renovation project, the budget and the required contingency fund.
hiding unrecoverable costs and hidden cost overruns through contingency funds or hidden in other invoices
Adjustments to your policy's portion of AAFMAA's contingency fund reserves may be required to cover the unamortized acquisition costs of establishing your policy or to insulate the Association from the effects of short - term fluctuations in mortality and investment experience.
Simultaneously served as HUMINT Platoon Sergeant, HUMINT Team Leader, OMT NCOIC, and Intelligence Contingency Funds Class A Custodian during Operation Enduring Freedom (OEF) 11 - 12, directing collection operations in support of the tactical commander.
Finally, there is the issue of handing over VREB's resources, which consist of a healthy contingency fund.
A solid contingency fund will help you weather the storm, as will a stout mindset and a focus on the prize.
Adding that the governor had access to billions in contingency funds, he said, «Consider this a contingency.»
In developed countries, livelihood and asset losses sustained in natural disasters are often covered by international insurance, capital markets, or simply by government budgets that act as contingency funds.
Menabde said in the in the interim, WHO had tapped a recently established emergency contingency fund to finance its initial operations.
This rating can offer an indication of the total size of an insurer based on several factors, including its technical or conditional reserve funds, its policy holder surplus, other investment and operating contingency funds, and various other miscellaneous reserves that are reported as being liabilities.
She is also happy that the project, which was estimated to be about $ 26.9 million, came in at $ 22.8 million, with another $ 700,000 to be returned to the district from the project contingency fund.
Now the union is asking for extra time to pay back the deficit, and for the # 100,000 contingency funding written into the school's budget to be used to keep special educational needs staff and other support assistants.
«They have to have a contingency funding plan to stay in business.
Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.
The deficit is at $ 23 billion, down from $ 25.1 billion in the last fiscal update, and is projected to reach $ 28.5 billion for 2017 - 18 — including a $ 3 billion contingency fund — before declining to $ 18.8 billion in 2021 - 22.
As a result, the Liberals have penciled in a $ 3 - billion contingency fund to draw on if growth falls flat.
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