«We're one of the few cities in the country with a fully funded pension» with
a healthy rainy day fund and a AAA bond rating, she says.
Not exact matches
Albany has been engaged in deficit spending since at least 2007, the mayor said, and has extinguished its formerly
healthy rainy -
day fund in order to deal with increased pension costs and other consequences of the 2008 Wall Street meltdown.
The American charity evaluator, Charity Navigator, believes that a
healthy charity needs to have some
rainy day funds on hand, so we decided that a charity should have at least three months» reserve to get a top score of 10 points in this category.
We have a
healthy emergency
fund, a
rainy day cash buffer, sufficient insurance coverage, and other liquid investments at our fingertips if we need cash.
We believe that a
healthy organization should have some money set aside for a
rainy day, but if it has many years of income sitting in a slush
fund, it may not be in dire need of additional donations.