Sentences with phrase «drawing down reserves»

The invoice included an increased contribution to the Law Society's Reimbursement Fund as well as a notice advising that there are a some large claims to be paid from that fund in the coming year, drawing down reserves.

The school system estimated it would spend $ 17 million more than it took into its general fund, drawing down reserves.

More districts are drawing down reserves and are being forced to skip safety renovations to aging buildings.

The central bank has the monopoly on issuing currency, so if a customer withdraws cash from a demand deposit, the bank in turn has to obtain the bank notes by drawing down its reserves account with the central bank (leaving aside that banks keep a certain amount of vault cash on hand).

Superintendent Roberta Gerold, in a response letter, contended Albany was unrealistic in expecting her district to draw down reserves at a time when the state limits yearly hikes in property taxes to well under 1 percent.

Floss says the money could also be used to replenish reserve funds for local governments and school districts, who've had to draw down their reserves in recent years to pay for operating expenses.

In 1996, Congress instructed BLM to draw down the reserve at a steady rate and sell it at a price that would pay off the reserve's debt and support the sales.

Not exact matches

While work on Rosewood Beach is expected to begin this year and draw down the district's former $ 24 million reserve fund, a strategic plan will help commissioners prioritize other projects and capital investments, said Executive Director Liza McElroy.

In addition, the college's reserve fund was at $ 10 million, after it was drawn down to cover operational expenses.

Foreign reserves drawn down.

The 3,300 - student district has drawn down its cash reserves at an unsustainable rate in recent years and now must look at possible layoffs and other economies to balance its budget for the 2018 - 19 school year, Superintendent Patrick Brimstein said in an interview.

Schools are trying to recover from years of state aid cutbacks when many districts drew down their fund balance and reserves and cut programs, draining resources.

As mayor, my immediate priority would be to use $ 15 million to help balance the proposed 2017 - 18 city budget, which currently draws down $ 18 million from our fund balance reserves (rainy day fund).

The moose - sized mammal likely tipped the scales at 900 kilograms at the end of the summer browsing season but then slimmed down as it drew on fat reserves in its hump to sustain itself through the harsh Arctic winter.

Teachers are already challenged by multiple accountabilities that draw down our inner strength; we need even deeper reserves of resilience if we are to hold hope for our trauma - affected students.

The main drawback to paying points is that you're drawing down on your cash reserves to pay less in interest.

And I'd draw a distinction between total amount, what you want to keep for reserves, what you want to use as a down payment, etc..