Sentences with phrase «operating fund spending»

The multi-year tables in New York State's just - released Enacted Budget Financial Plan for fiscal 2015 make continued use of Governor Andrew Cuomo's new fiscal conjuring device: a lump - sum, below - the - line reduction in future projected spending, based on the assumption that the governor will «propose, and negotiate with the Legislature to enact budgets that hold State Operating Funds spending growth to 2 percent.»

(This year's state operating funds spending hike is officially 1.8 percent; however, the spending increase is 2.5 percent after adjusting for $ 344 million in fiscal 2014 «prepayments» of 2015 expenses.

State Operating Funds spending increases by 1 percent while all governmental funds spending declines by 2.7 percent.

The budget deal between Cuomo and the Legislature added a total of $ 2.65 billion in projected state operating funds spending to the financial plan for the next four years.

«If the 2 percent State Operating Funds spending benchmark is not adhered to, budget gaps may result,» the budget report warns.

· Stateo operating funds spending of $ 88.7 billion, an increase of $ 1.7 billion, or 1.9 percent.

When accounting for these adjustments, the actual growth in State Operating Funds spending for fiscal year 2018 is 3.7 percent.

When you add those back into the budget, State Operating Funds spending would increase by more than 4 percent, according to an analysis by the state Comptroller's Office.

Even by that more favorable measure, the comptroller's estimate indicates the gap has grown to the daunting level of $ 5.4 billion, equivalent to nearly 6 percent of total state operating funds spending.

Under this proposal, state operating funds spending (excluding capital) would increase to $ 92.0 billion, an increase of 1.7 % or $ 1.5 billion.

In a later report, CBC also criticized Governor Cuomo for misleadingly saying that the adopted budget continued his «record of holding State Operating Funds spending annual growth to no more than 2 percent.»

The budget is able to exploit this loophole by not «adjusting for payment timing differences and accounting changes,» such as through premature debt service payments or «shifting expenditures out of state operating funds spending.»

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Strong sales of the car are key to generating cash to pay operating expenses, fund capital spending and make upcoming debt payments.

The commitment in Budget 2011 to undertake a Strategic Operating Review to find $ 4 billion in annual savings followed the Budget 2010 initiatives which restrained growth in national defence spending, capped funding of the International Assistance Envelope, forced departments to absorb the increase in annual federal employees» wages for 2011 - 12, and froze their operating budgets for 2011 - 12 and 2012 - 13 at their 2010 - 1Operating Review to find $ 4 billion in annual savings followed the Budget 2010 initiatives which restrained growth in national defence spending, capped funding of the International Assistance Envelope, forced departments to absorb the increase in annual federal employees» wages for 2011 - 12, and froze their operating budgets for 2011 - 12 and 2012 - 13 at their 2010 - 1operating budgets for 2011 - 12 and 2012 - 13 at their 2010 - 11 levels.

In particular, the company's strong operating cash flow means it ought to have less need for additional debt and equity to fund its capital spending requirements.

[31] Once school districts have earned federal reimbursements through the National School Lunch or School Breakfast Programs by serving reimbursable meals, they may spend the funds on any nonprofit school food program they operate.

On the positive side, the proposal as described by the governor continues to restrain spending, holding the core state operating funds budget growth to 1.7 percent with an (apparent) minimum of gimmickry.

New spending on schools includes $ 107 million in capital and operating funds to provide all schools with gyms or other physical education facilities and more than $ 10 million to offer more students free lunches.

Lhota and Cuomo have pressured de Blasio to split the $ 836 million price tag — a mix of new capital and operating funds — but the mayor has insisted that he would not give the MTA more city dollars until the agency spent its money more wisely.

For instance, this year's benchmark for the federal budget is $ 42 but oil now goes for over $ 70 per barrel and instead of paying all the revenues to the Federation Account, the FG still operates an Excess Crude Oil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he said.

In next week's emergency budget legislation, to keep state government operating in the absence of a new budget, Mr. Paterson will include an array of further long - term spending cuts, but none involving education funds, according to an administration official.

Adding back temporary federal stimulus funds used to supplement state funds in each of the last three years, state operating spending under the new budget is up a whopping 8.4 percent over 2007 - 08, although both personal income and private - sector economic activity in New York has dropped sharply during the Great Recession.

State operating funds exclude federal funds and long - term capital spending.

«No Clerk or Comptroller in Erie County history has so willingly and brazenly proposed spending restricted trust funds to fund new operating expenditures and it is discouraging to see it happening now.

State Operating Funds (SOF) spending is a measure of cash disbursement for operations and debt service supported by State revenues; it excludes capital investments and spending supported by federal aid.

While the Moreland Commission has no set budget, the letter seeks approval to spend as much as $ 175,000 on the data analysis between now and the end of the year, drawing funds from the operating budget of the Cuomo - controlled Division of Budget.

In fact, on a fiscal year basis, added school aid represents 90 percent of the net spending increase in the proposed State Operating Funds Budget (as calculated by the governor).

Cuomo has set a unique benchmark for his budgets: holding the growth of spending from state operating funds to two percent or less.

«The State Operating Funds basis of reporting is the best, most inclusive measure of spending for New York tax dollars, which is why the Governor keeps that number at 2 percent — a record of fiscal restraint we are very proud of,» said Cuomo budget spokesman Morris Peters.

«The specific amount of such spending — which could impact growth in State Operating Funds expenditures — is not projected in the Executive Budget.»

The administration recently announced its plan for spending the $ 5 million that the Legislature transferred from fund balance to this year's operating budget for immediate road repair.

Credit ratings also take into account how much money towns have in reserves and in their operating funds, their ability to borrow as needed, and the ability to raise taxes or cut spending.

The administration's proposal would increase spending from state and federal operating funds and capital programs by 2.8 percent.

Cuomo's budget assumes the federal government will approve a $ 10 billion Medicaid waiver, and that state operating spending will hold to less than two percent a year, which helps balance his plans for a local property tax freeze and for $ 100 million in funding during this coming year, to begin expanding pre-K programs statewide.

State operating funds would grow by 1.9 %, marking the seventh straight year of Cuomo's self - imposed 2 % cap on state spending hikes.

Supporters of the approach say the state has prompted new discussion among the business and civic leaders of the areas in which the councils operate and has made it much easier to apply for and observe the decision - making process for how taxpayer funds are spent.

The Regional Growth Fund will operate in the first two years of the spending period starting in April next year, and will be open to firms and public - private partnerships in areas most dependent on public sector employment.

Rush Holt, chief operating officer of the American Association for the Advancement of Science, called on Congress to continue to reach across the aisle to finalize its work on fiscal 2018 spending and resist additional short - term funding measures — the latest continuing resolution was the fourth of the current fiscal year.

But rather than approving new funding for the city's schools, lawmakers were expected to simply allow the Chicago school board to operate schools without a balanced - spending plan until Sept. 13.

Pension spending in Illinois affects school funding equity so significantly in part due to the fact that there are two pension systems operating in the state: one for Chicago Public Schools (CPS), and another for the remaining districts.

Charter School: Funded through public tax dollars from money meant for traditional public schools, operates in the private sector, may be managed by for - profit charter management organizations (CMO), and are not required to be transparent about how tax dollars are spent, free from many of the regulations that apply to traditional public schools.

In general, unless otherwise exempt, the following three criteria must be met in order for non-classroom based charters to be guaranteed full funding levels: (1) at least 80 percent of total revenues must be spent on instruction or classroom support, (2) at least 50 percent of public revenues must be spent on certificated staff salaries and benefits, and (3) the pupil - teacher ratio must be equal to or lower than the pupil - teacher ratio in the largest unified school district in the county or counties in which the school operates or the school must maintain a minimum of 25:1 ratio.

Even after 2006, charter schools in California continue to operate year in and year out without regulator - level audits that are designed specifically to determine whether the public dollars funding these privately managed schools are being spent properly.

Linear weighted average — A calculation approximating what most school divisions spend to operate their schools used to establish the funded cost of many components of the Standards of Quality, such as instructional salaries.

The result is a serious underinvestment in charters by the municipal bond markets, meaning that too many charters have to spend operating funds on bricks and mortar instead of classroom instruction.

While the Office has audited fewer than half of all charter schools, they have exposed some form of internal control deficiency or mismanagement in 95 percent of their audits.5 The majority of charter schools in New York are left to operate year in and year out without regulator - level audits, specifically audits that are designed to determine whether these publicly funded, privately managed schools are spending public dollars properly.

Congress passed a short - term funding measure to keep the government operating through mid-November while the Senate and House negotiate a final FY12 spending agreement.

The Corporate Education Reform Industry has spent a record - breaking $ 6,767,957 plus in support of Governor Malloy's «education reform» agenda ------ An Agenda that includes forcing the Common Core and the Common Core testing scheme on Connecticut's public schools while cutting taxpayer support for public education and increasing public funding for privately owned and operated charter schools.

Texas auditors, for instance, found it nearly impossible for charter schools operating in churches to avoid spending state funds on students in ways that also benefited the church, according to a New York Times story.