Sentences with phrase «large operating deficits»
The Cooper Union investigation fits into the New York attorney general's office's broader strategy to get ahead of potential crises by «stress testing» nonprofits that show signs of potential trouble, such as large operating deficits and excessive spending rates on endowments, said James Sheehan, the chief of the office's charities bureau.
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In an accounting of NYRA's financial condition for the first half of 2015 prepared for today's board meeting in Saratoga Springs, the association reported an operating loss from racing operations of $ 6.1 million before income from video lottery terminals are factored in — a loss that's 25.5 percent larger than the $ 4.9 million operating deficit for racing racked up during the same period in 2014.
An Education Intelligence Agency analysis of 2010 - 11 Internal Revenue Service filings reveals five of the eight largest teacher union local affiliates in the nation operated with budget deficits.
The report goes on to explain that the new budget uses borrowing, one - time revenues, and fund transfers to close budget deficits and cover operating expenses and reports that, «By relying on these measures, rather than recurring revenues to close the state's budget gap... state policymakers have opened up a larger revenue hole in future budget years.»
This year's UTLA operating deficit was estimated at $ 1.5 million, fueled in large part by increased costs for staff retiree health benefits.