Sentences with phrase «general fund reserves»

In addition, in 2015 Oneida County spent $ 15 Million in General Fund Reserves on long term liabilities.

According to Fitch the upgrade was based on the county's improved financial operations including four years of general fund surpluses which have restored available general fund reserves.

Not exact matches

The underlying determinants for these declines are related to the global supply and demand for funds, including shifting demographics, slower trend productivity and economic growth, emerging markets seeking large reserves of safe assets, and a more general global savings glut (Council of Economic Advisers 2015, International Monetary Fund 2014, Rachel and Smith 2015, Caballero, Farhi, and Gourinchas 2016).

As with Fed funds, reverse repo rates, Interest on excess reserves, and LIBOR, the price of gold pings an important signal as to risk, the cost of capital, the state of the financial markets, and economic well - being in general.

In addition, approximately $ 6 million was used to pay transaction expenses and fund required reserves and the remainder will be used for general corporate purposes.

The draft audit notes that the city's goal had been to maintain an unrestricted fund balance (sometimes referred to as a reserve fund) of 5 percent of its total general fund budget.

Further, it cautions that unless changes are made, the loss of the reserve funds combined with the loss of casino revenue could result in a general fund gap, or deficit, of $ 12 million within a year.

(The latter of which would «eclipse the surplus along with the funds set aside in the retiree health benefits trust and the budget's general reserve.»)

It also intends to bring its pension trust funds to $ 4 billion and to baseline $ 250 million for its general reserve for each of the next four years.

Signed on Monday, the $ 2.7 billion spending plan — which calls for no tax increase in the county's general fund — calls for using nearly $ 33 million from the county's sewer stabilization fund, a reserve account created when Suffolk County taxpayers approved the Drinking Water Protection Program via referendum in 1987.

Humanists UK works for an end to irrelevant religious discrimination in publicly funded posts such as general pastoral support jobs in hospitals and elsewhere, which are often unfairly reserved only for religious people or people of certain religions, and for equal treatment of the non-religious according to need in the limited number of settings where belief - specific services are legitimately provided, including hospitals.

Dakuku Peterside, a Governorship Candidate of the APC in the 2015 general elections had in a statement condemned plans to repeal the Rivers State reserve fund No 2 of 2005.

Peterside, who is also the Director General of NIMASA in a statement by his media team, said it was worrisome that governor Nyesom wike was seeking to repeal the reserve fund law when countries of the world were working hard to secure a sustainable future for their people through increased saving.

But the budget was also notable for what was not included — mainly, the City Council Fair Fares plan, which would provide reduce priced MetroCards for low - income New Yorkers, a $ 400 million property tax rebate and an increase in the general reserve fund.

The preliminary budget includes $ 5.5 billion in reserves, including $ 1 billion in the general reserve, $ 250 million in the Capital Stabilization Reserve, and $ 4.25 billion in the Retiree Health Benefits Trust Fund.

The agreement also includes money set aside for the city's reserves, an additional $ 250 million for the Retiree Health Benefits Trust Fund and $ 1 billion every year for the General Reserve, all meant to protect the city in the event of an economic downturn.

The agreement calls for increasing reserves to more than $ 3 billion while increasing General - Funds spending to just under 5 percent and all - funds spending to just under 6 perFunds spending to just under 5 percent and all - funds spending to just under 6 perfunds spending to just under 6 percent.

Mr. Harrison said the mechanism to get those monies out of the reserve fund and into the capital fund triggered the fiscal stress score because monies from the capital reserve fund had to flow through the district's general fund.

Jindal set aside $ 10 million for the program from the state's general fund, rather than from dollars reserved for the MFP.

[10] In general, these LEA amounts may be reduced by state educational agencies to account for funds reserved for state administration, program improvement, and academic achievement awards; to adjust for recent shifts in LEA boundaries; and to provide grants to charter schools treated as separate LEAs under state law (such charter schools are not considered in the calculation of grants by USED).

He is credited with restoring fiscal stability to the district, which now has a $ 20 million reserve, about 5 percent of its general operating fund.

Amends the statute allowing transfers from the state tuition reserve account to the state general fund to be made during the state fiscal year beginning in 2015 and in the state fiscal year beginning in 2016 if distributions for choice scholarships cause a reduction in state tuition support.

Note: Table reports expenditures from all funds (General, State Special Education, Combined GF & Special Education, Total Governmental, Total State Grants, and Total Federal Grants); Statewide totals include expenditures from public charter schools Variable costs include expenditures for Instruction, Student / Instruction Support Services, Other Support Services, and Fringe Benefits; They exclude Operational Expenses, Total Property Expenses, Assets / Reserves, Debt Service, Transfers, and other miscellaneous expenses

«It is apparent the Act requires school districts to fund any general appropriations shortfall either through reallocating funds under their respective budgets or accessing their reserved funds or raising their millage rates,» association general counsel Wayne Evans wrote.

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

That reserve fund has unquestionably taken a hit because of general weakness in the real estate marketplace, but that fund is also well - capitalized.

In what should be good news for homeowners in general and the FHA reserve fund in particular, Zillow is reporting that home prices may be stabilizing.

At least the court revised the insurer's proposed terms to circumscribe the obligation in these terms: «The defence insurer shall be entitled to require the claimant to undergo medical examination at its request upon reasonable notice being given to the claimant at any time during the claimant's lifetime, such medical examinations to be limited to obtaining a medical opinion as to the claimant's general health in order to obtain a quotation for the purchase cost of an annuity to fund the periodical payments and / or (not more frequently than once every seven years) for the express purposes of reviewing its reserve.

(a) if the amount of money in the contingency reserve fund at the time of the first annual general meeting is less than 25 % of the estimated operating expenses for the 12 month period set out in the interim budget, the annual contribution to the contingency reserve fund under the first annual budget must be at least 10 % of the total amount budgeted for the contribution to the operating fund for the 12 month period covered by that budget;

(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.

Processed invoices for a large - scale organization Renegotiated payment terms with dozens of suppliers Verified details of transactions, including funds received and total account balances Coded the general ledger and processed vendor invoice payments Deposited third party checks, as well as monthly reserve transfers Opened and assigned new client accounts Conducted month - end balance sheet reviews and reconciled any variances Researched and resolved billing and invoice problems Maintained customer files and records Prepared monthly reports and statements.

She has concerns around myriad aspects of the Condominium Act and condo development in general and continues to lobby around issues ranging from condominium finances and reserve fund management to dispute resolution, sustainability, building safety standards and compliance, short - term rentals, standardization of documents, maintenance fees and much more.