Sentences with phrase «excess fund balance»
«Had district officials used more realistic budget estimates, they could have avoided the accumulation of excess fund balance,» the report states.
http://suffolktimes.timesreview.com/ Not exact matches
The exit would be preceded by a gradual decrease in the size of asset purchases (i.e., a slowing in the amount of extra easing), followed by the end of asset purchases, a gradual withdrawal of excess liquidity from the system, measured increases in the federal funds rate and, eventually, a normalization of the Fed's balance sheet.
First, by the end of 2014, following the large - scale asset purchase programs, the Federal Reserve balance sheet was funded by about $ 3.1 trillion in liabilities other than Federal Reserve notes, which were mostly in the form of reserves in excess of the amount banks were required to hold; in contrast, there were only $ 64 billion of non-Federal Reserve note liabilities in June 2007, of which only about $ 2 billion were excess reserves.
Taking those excess funds and putting them directly toward student debt can knock off months if not years of payments by reducing the principal balance and ultimately, the interest.
... As the size of the balance sheet and the quantity of excess reserves in the system decline, the Federal Reserve will be able to return to its traditional means of making monetary policy — namely, by setting a target for the federal funds rate.
By paying interest on excess reserves (IOER), the Fed rewards banks for keeping balances beyond what they need to meet their legal requirements; and by making overnight reverse repurchase agreements (ON - RRP) with various GSEs and money - market funds, it gets those institutions to lend funds to it.
The extent to which you balance asset classes at and beyond retirement, assuming reasonable health at that point, is more a function of excess funds over the income floor than it is purely about age.
Indeed, by late February, the world's biggest ETF, the SPDR Gold Trust, which has a net balance in excess of $ 30 billion, had announced through its marketing agent State Street Global Markets that the fund had been certified by Amanie Advisors, a leading Shari'ah advisory firm, to be fully compliant to the new Shari'ah standard.
So this increase in excess reserves, which as we noted above are the banks own demand deposits at the Fed and a substitute for cash, are akin to precautionary cash balances aimed at avoiding similar funding problems.
If at any time during the fiscal year it appears, from cash flow projections or other generally accepted accounting principles, that the revenues available, as projected through the end of the fiscal year, will be insufficient to meet either (a) the amounts appropriated, or (b) expenses anticipated to be incurred through the end of the fiscal year, such that the cumulative effect thereof is a projected year - end deficit in excess of fifty percent of the County's undesignated, unreserved fund balance as of the end of the immediately preceding fiscal year, the County Executive or the Comptroller shall submit a report to the Legislature setting forth the estimated amount of the deficit with appropriate details and explanations.
The Comptroller's office recommends the District adopt budgets based on what it called realistic estimates, with reasonable fund balances, and come up with a use for the excess unrestricted fund balance that would benefit District residents.
The fund balance was in excess of the state statutory limit.
«Although the need to address the excess accumulation of unrestricted fund balance was pointed out to district officials repeatedly by the independent auditors, district officials have not taken appropriate action to address this situation,» read the report.
-» (A) IN GENERAL. - Beginning in fiscal year 2014, on April 1 of each fiscal year, if the cumulative unobligated and uncommitted balance of funding available exceeds 75 percent of the amount made available to carry out this chapter for that fiscal year, the Secretary shall distribute to the States the amount of funds and associated obligation authority in excess of that amount.»
This could arise, for example, where a fund has a single asset supporting retirement - phase liabilities that must, because of a transfer made to reduce a member's expected excess transfer balance on 1 July 2017, also support an accumulation phase interest.
Earn interest on excess business balances while maintaining easy access to your funds with your People's United business savings account or money market account.
Within 30 days of a motor vehicle title lender receiving funds from the sale of your motor vehicle, you are entitled to receive any surplus from the sale in excess of the sum of the following: (i) the outstanding balance on your motor vehicle title loan; (ii) the amount of interest accrued on your motor vehicle title loan through the date the motor vehicle title lender repossessed your motor vehicle; and (iii) any reasonable costs incurred by the motor vehicle title lender in repossessing, preparing for sale, and selling your motor vehicle.
When the available balance of your HSA exceeds $ 2,500, excess funds will automatically be swept in increments of $ 100 to your selected investment fund (s).
When your checking account is presented with a check for payment in excess of your balance, funds are advanced to your account in $ 100 increments up to your available credit line.
With a small dollar balance, however, you would be better off putting the excess into a money market fund or a bank account.
Home equity loan balances in excess of $ 1,000 which have been owed for less than one year are not eligible for inclusion in your FHA refinance mortgage unless you can document that the funds were used for repairing or renovating your home.
If you exceed your transfer balance cap, you may have to remove the excess funds and pay tax on the earnings related to the excess.
As time goes on and balances begin to grow (as unused funds carry over from year to year,) I expect to see products that will sweep funds, let's say in excess of your annual insurance deductible, to a certificate of deposit type product, to maximize interest for consumers.
The work saw Burges Salmon advise on off - balance sheet community funding for the installation of solar panels on M&S stores, where any returns in excess of 5 % per annum would benefit the store's local community.
Reverse Mortgage Loans are not subject to prepayment penalties and therefore you can repay any portion of the excess proceeds you received at closing at any time to lower your balance, or you can choose a line of credit and only advance the portion of funds that you wish at closing.
«They are sitting on a lot of cash on their balance sheet and should generate in excess of $ 400 million of retained cash flow that can be used to fund new investments,» says Michael Mueller, an executive director and analyst at J.P. Morgan Chase & Co. in New York.