Sentences with phrase «operating surplus of»

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.

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 2013 show that the county has achieved an unaudited operating surplus of $ 1.5 Million

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.

Not exact matches

One thing (prop planes) led him to another (corporate jets) and then to another (surplus military jets), culminating in 2012 with the founding of Draken International, a Lakeland, Florida, military contractor that operates one of the largest fleets of privately owned fighter jets in the world.

These annual surpluses are to balance the Operating Account, which posted a cumulative deficit of $ 8.6 billion at the end of 2011 - 12.

Based on PBO's forecast, the deficit would not be in surplus is either 2014 - 15 or 2015 - 16, even if the Government were to secure its proposed «Targeted Strategic and Operating Review» savings of $ 4 billion per year in those years.

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.

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).

Corporate profitability remains strong, although the growth in profits, as measured by private non-financial gross operating surplus (GOS), has eased recently after a period of strong growth (Graph 32).

There was a particularly marked increase in the income attributed to foreign owners of direct equity stakes in Australian firms, which was in contrast to trends in economy - wide measures of profitability, such as gross operating surplus.

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.

Cosmically speaking, as I have said, Man is collectively immersed in a «vortex» of organization which, operating above the level of the individual, gathers and lifts individuals as a whole towards the heightening of their power of reflection by means of a surplus of technical complexity.

«While PRI does operate with a negative surplus due to the low (premium) rates DFS sets for every provider in the state, PRI remains in good standing with (the state Department of Financial Services), able to pay its bills and meet current claims,» the company told the Times Union.

Nassau will fund the program from its operating budget using salary savings from the final 3 1⁄2 months of the year and $ 8.5 million in anticipated surpluses in other areas, officials said.

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.

Ellen Melchionni, president of the New York Insurance Association, which represents property and casualty insurers, argued that insurance companies need to maintain an surplus to pay future claims — and that allowing an insurer to operate in the red is «incredibly risky.»

One of the major reasons cited for the increase was strong fiscal management which is reflected in this operating surplus.

In 2013, the County had anticipated an operating deficit of $ 1.9 Million, but ended the year with a $ 1.5 Million surplus.

In 2012, the County had anticipated an operating deficit of $ 1.8 Million, but ended the year with an $ 8.4 million surplus.

He cited an appropriation of $ 705,000 from a highway fund surplus, to help pay the annual operating expenses of the Highway Department next year.

Mr. Cohen commented that the three funds from which money is to be transferred into the operating fund are those with surpluses, a portion of which will be appropriated next year.

«The temptation for Cuomo will be to use state - budget surpluses to avoid the problem for a couple of more years — that is, give them a few hundred million dollars a year out of the state budget to cover the operating budget deficits that will get bigger as the M.T.A. devotes more money to debt service,» she emailed.

Typically, these surpluses are used to build operating reserves of about 5 percent of a school's yearly budget, to insure against normal cash - flow needs, temporary revenue interruptions, or fluctuations in annual per - pupil funding levels.

Sitting on a $ 1 billion surplus in an operating budget of $ 17.4 billion, the second - term Democrat last week proposed a politically popular 13 percent spending increase for K - 12 education, while also asking the legislature to block scheduled tax hikes.

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.

(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.

It also uses stratified combustion that allows the engine to operate with a surplus of air, thus reducing fuel consumption.

James Palatine, a trained killer with a surplus of conscience, invented the device and is the only person who can operate it.

The odds of the operating subsidiaries as a group having not enough surplus to exceed the relevant company action level risk based capital for the group as a whole is not high, but is not zero.

A deficit is expected in the EI Operating Account in 2017 — to the tune of $ 2.7 billion — after a surplus of $ 1.1 billion in 2016, when the premium rate was 1.88.

2007 Net Income 2008 Net Income 2007 Net Operating Income 2008 Net Operating Income Surplus Increase net of Capital Contribution...

Alternatively, take the market value of the firm and deduct the nominal value of surplus cash to arrive at market's assessment of the fair value of firm's operating business — called Enterprise Value (EV).

For example, if you have a long - term average of past EBIT numbers for the company - ask yourself: what is today's price for the operating business (that is, backing out the surplus cash) relative to the company's worst earnings in the last 10 years.

Presuming (still a big presumption) this trend in cash generation is maintained, we're now looking at a 10.2 % operating FCF margin on $ 321 million of revenue — all things considered, that now deserves a 0.875 P / S multiple, to which we can obviously add surplus cash.

Interest expense is now 11.5 % of adjusted operating profit, which is comfortable — let's incorporate Kingspan's (surplus) cash pile as a valuation adjustment.

As shown in Figure 2, our projections indicate that the MSR, operating at an initial injection rate of 24 %, will slash the EU - ETS surplus for fixed installations — technically known as the Total Number of Allowances in Circulation (TNAC)-- from 1,776 m to 496m over 2019 - 23, a drop of 1,270 m (70 %)(Figure 2).

In modeling terms, this operates as a constraint on the «decrease in energy consumer surplus,» i.e., how much more consumers — both residential and commercial consumers of fossil fuel energy — have to pay, on net, under the carbon pricing system.

It was not about the use of the surplus that had accumulated in the Employment Insurance Account, but the effects of the Act eliminating the balance of the Employment Insurance Operating Account and the resulting accounting entries that flowed from the 2010 legislative amendment.

Cyprus is operating with an essentially balanced budget and with a good primary surplus; our budgetary planning for the period 2017 - 2019 remains safely within the margins of a balanced budget, ensuring that the public debt as a % of GDP will start decreasing.

The board's policy demands a balance of at least $ 150,000 at all times in the special fund, so the it had to go to the city for permission to transfer $ 480,000 out of its 2011 operating budget surplus to cover the remaining costs of the review.