Sentences with phrase «operating surplus»
"Operating surplus" refers to the extra money or profit left over after a business has covered all its operating expenses or costs. It represents the amount of money a company has made from its regular business operations, excluding any external sources like investments or loans. Full definition
The state's largest agricultural lobby group has reported its first operating surplus since 2010, which was largely attributable to a reduction in costs.
businessnews.com.au
Despite easing slightly in the September quarter, corporate profitability remains strong, with the gross operating surplus of private non-financial corporations almost 9 1/2 per cent higher over the year.
Strong budgetary performance The ratings report noted strong budgetary performance, with operating surpluses in the general fund and at the total governmental fund level.
Under Roberts, the Detroit Public Schools has generated an annual operating surplus for the 2011 fiscal year, its first surplus since 2002; accelerated the elimination of its $ 327 million legacy deficit; and adopted a balanced budget for fiscal 2012.
HBF Group nearly tripled its annual operating surplus to $ 73 million last financial year, up from $ 25 million previously.
Our fiscal situation creates challenges but we remain committed to reducing our level of expenditures so that we can ensure on - going operating surpluses that are, in addition to prudent borrowing, critical to supporting investments for the benefit of Northwest Territories residents for decades to come.
Becker's memo also cites low interest rates on investments, and an increase in the park district's scholarship program as reasons for the unusually small operating surplus this year.
«The state applauds localities that manage their finances in a way that produces operating surpluses, and many municipalities across the state do so without extraordinary aid from the state,» Peters said in a statement Tuesday.
In the report on South Huntington, which covered July 2014 through December 2015, auditors said the school board and district officials overestimated general fund appropriations in the last three adopted budgets, resulting in operating surpluses totaling approximately $ 10.6 million.
In Montauk, auditors found that school officials overestimated appropriations in the adopted budgets from 2012 - 13 through 2014 - 15, resulting in a cumulative operating surplus of about $ 1 million.
During that same period, the district accrued operating surpluses and smaller - than - planned deficits.
Democratic supervisor candidate Laura Gillen has criticized Republican Town Supervisor Anthony Santino for touting a $ 5 million operating surplus at the end of 2016.
If there are certain groups who are under - performing, the excess reserves (keeping a reasonable operating surplus for unexpected cost pressures) should be allocated to the relevant priorities in the improvement plan.
Profits of the private corporate sector, as measured by gross operating surplus, increased by 2.2 per cent in the March quarter, to be 9 1/2 per cent higher over the year and a relatively high share of GDP (Graph 28).
Oneida County Executive Anthony J. Picente Jr. and Oneida County Comptroller Joseph J. Timpano today announced that final reporting of Oneida County's fiscal position at the end of 2014 show that the county has achieved an unaudited operating surplus of $ 5....
Profits continued to grow strongly in the March quarter, with the gross operating surplus of the corporate sector increasing by just under 9 per cent, and by 11 3/4 per cent over the year to the March quarter.
An audit released in February showed a $ 53.8 million operating surplus in the fiscal 2017 $ 1.3 billion general fund budget, bringing Detroit to the required three - straight balanced...
Secondly, the alliance could take Thunderbird back to the days of operating solidly in the black with the potential to produce $ 100 million in operating surplus.
Strong profitability, low interest rates and a debt burden well below historical peaks have all tended to hold down the interest burden of the corporate sector: as a share of gross operating surplus, net interest paid by the corporate sector remains well below historical averages.
The broadest measure of profits, corporate gross operating surplus (GOS) as a share of GDP, is only slightly below the most recent peak and close to the average of the past ten years (Graph 5).
In the November 2013 Update, the EI Operating Account is projected to be in an operating surplus in 2015 - 16.
Total profitability of the corporate sector, as measured by gross operating surplus, has been gradually declining as a share of GDP since the peak reached in 1996, and is now, at 15 per cent, around its decade average.
The operating surplus is projected to be $ 280,000 less than what is typical, he wrote.
«Based on current operating projections, if the State enacts balanced budgets that hold State Operating Funds disbursements to 2 percent, the State will have operating surpluses.»
When people want to know why fund balances, increased credit ratings and operating surpluses are important today is why.
In 2013, the County Executive made available $ 500,000 from the County's 2012 operating surplus for flood mitigation projects.
I am very proud to tell you that, based on the projected numbers we are seeing as of today, Oneida County will end 2011 under budget, which will mean that in every year of my administration, we have achieved an operating surplus while providing critical services to the people of Oneida County.
«We have ended the year once again with an operating surplus by adhering to the principles this administration has set for nine years.
County Executive Picente said «we have built a strong financial base in our County and with it have accumulated an operating surplus for the past four years.
One of the major reasons cited for the increase was strong fiscal position which is reflected in the operating surplus and the County's fund balance.
One of the major reasons cited for the increase was strong fiscal management which is reflected in this operating surplus.
«We have ended the year once again with an operating surplus by practicing good government and proving our commitment to fiscal responsibility.
The board and officials overestimated expenditures by approximately $ 4.1 million and underestimated revenues by approximately $ 900,000 from 2012 - 13 through 2014 - 15, which generated more than $ 5 million in operating surpluses.
Additionally, higher - than - expected income taxes and «six atypically large estate tax payments» this year have led to a $ 350 million operating surplus.
Along with the operating surplus, Albany County also made up for early - year slumps in sales tax during the holiday season, drawing $ 627,000 more in revenues than projected.
With public tax dollars and grants as its only sources of revenue, HSA - McKinley Park needs to devote its operating surplus to paying for capital improvements, Cengiz said.
For profit charters distributing more than 10 % of revenues to owners or pushing an operating surplus into a loss are not acting as good stewards of taxpayer funds.
Instead of enjoying an operating surplus, Social Security will then require a substantial infusion of funds from the Treasury, forcing the federal government to raise taxes, to reduce other spending, or to borrow extra money.
Indeed, with interest on the growing public debt rising, operating surpluses would have been appropriate to help pay for the interest costs.
To ensure that the Golden Retriever Club of Canada will not be conducted or operated for profit and any operating surplus or remainder or residue from dues, donations, etc., to the Club shall not endure to the benefit of anyone member or individual.