Sentences with phrase «operating and capital reserves»

Not exact matches

We make several adjustments to get from reported net assets to invested capital because companies can hide assets and liabilities off of the balance sheet in the form of reserves, operating leases, deferred compensation, and many other techniques.

(hh) If the unencumbered amount of cumulative surplus revenue from tuition held by a charter school at the end of a fiscal year, less (i) the amount of the fourth quarter tuition payment, (ii) the amount held in reserve for the purchase or renovation of an academic facility pursuant to a capital plan, and (iii) any reserve funds held as security for bank loans, exceeds 20 per cent of its operating budget and its budgeted capital costs for the succeeding fiscal year as is reported in a capital plan to be submitted in the school's most recent annual report, the amount in excess of said 20 per cent shall be returned by the charter school to the sending district or districts and the state in proportion to their share of tuition paid during the fiscal year.

Significant progress was made on building working capital and operating reserve funds equivalent to six - months of operating expenses.

Available funds are used to support the DLI and TLI after taking into consideration all taxes, projected future capital and operating expenditures, and reasonable reserves to ensure the continued successful operation of the LCA.

Adjusted Operating Earnings represents GAAP net income adjusted for exclusion of, a) investment gains and losses, net of tax, b) dividends on participating life policies related to capital gains, c) equity base tax (release), d) a deferred tax benefit associated with a foreign subsidiary, and e) the inclusion of certain statutory interest maintenance reserve amortization, net of tax, with an offset for amortization of deferred acquisition costs where applicable.

Successfully managed annual operating and capital budgets in excess of $ 5 million, hard assets in excess of $ 33 million and capital reserve accounts in excess of $ 13 million never ending a fiscal year in the red; designed and implemented comprehensive plan to shift Town from a single taxpayer comprising more than 90 % of local tax base to equitable taxation assessments town - wide that resulted in stable tax revenues and eliminated economic volatility