Sentences with phrase «reserve accounts»

These accounts also are called escrow or reserve accounts.

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

Coordinated a monthly reserves analysis for internal parties detailing the status of the Company's current reserve accounts and assessing them for reasonability.

A few states took a significant hit on claims, and if those claim reserve accounts were all that the insurance companies had at their disposal, it would have been a problem.

According to the SEC, Defendant company failed to maintain internal controls over financial reporting related to controls on the company's gross - to - net reserve accounts and estimates and overstated net revenue and income from continuing operations before income taxes, both issues disclosed in Defendant company's restatement of... Continue Reading

His Honour Judge Hodge QC, sitting as a judge of the High Court, ruled that the liquidators could not pursue claims for overdrawings of # 125,000 each, since Steven Fennell, a fixed share partner, and eight others, negotiated a retirement deed before Halliwells» collapse that exempted them from facing claims relating to overdrawn current accounts and tax reserve accounts.

Maintain full solvency funding, but potentially increase the funding period, establish solvency reserve accounts, or other measures to reduce volatility.

I will have a primary accounts for everyday use but also reserve accounts for emergencies — If you're like me they will come in very handy!

When IB lends customers» stock, it must put additional money into the special reserve accounts set aside for the benefit of customers.

In the example set forth below, senior debt service (as well as reserve accounts for the benefit of senior bondholders) accumulates revenues ahead of TIFIA debt service and reserve accounts for TIFIA debt service, if applicable.

However, note that for public - private partnerships, the DOT will require that debt service on the DOT credit instrument must be paid before the funding of any senior debt service reserve accounts.

Backed by last week's LAO's analysis, school leaders are prepared to argue that capping their reserve accounts would pose a number of risks including:

State analysts also concluded that three of the six reserve accounts maintained by the district might be overfunded.

The de Blasio administration proposed a new $ 84.7 billion budget on Tuesday that includes extra money in the city's reserve accounts in the event of federal cutbacks.

Wilson Central School District lashed out against a state audit that criticized the district's management of its reserve accounts and bus fuel.

Mr. DiNapoli's spokesman, Dennis Tompkins, said the comptroller's proposal was different from the one agreed upon by state leaders because it would also force state and local governments to set aside funds during prosperous times in reserve accounts that could be tapped during bear markets.

«The key aspect of Tom's plan is to create these reserve accounts that would force localities to contribute during good times to this fund, so when the volatility comes back in, it smooths it out,» he said.

By design, it will provide some near - term relief to taxpayers while building in greater long - term stability through special reserve accounts that will reduce future volatility.

On Tuesday, the mayor proposed a new budget of $ 84.7 billion that included more money in the city's reserve accounts in case of federal reductions.

They already use money in an electronic form in the reserve accounts at the central bank that can be held only by banks and other designated financial institutions.

Prepa said on Wednesday that it was financing its principal and interest payment with $ 153 million in cash and the rest from its debt - service reserve accounts.

Furthermore, President Obama's Housing Affordability and Stability Plan (HASP) plan enacts a very light version of what we're doing by providing a $ 10 billion reserve account.

Once we have deposited such two payments, we will not be required to further fund such debt service reserve account.

Personal Reserved Account: Contact customer support prior to your first deposit to negotiate your bonus

You need to deposit a minimum of $ 5,001 to get a Personal Reserved Account.

Of course, people can borrow money to top up a reserve account, pay their bills by borrowing more, and have perfect credit without the means to buy an expensive house.

The central bank has the monopoly on issuing currency, so if a customer withdraws cash from a demand deposit, the bank in turn has to obtain the bank notes by drawing down its reserves account with the central bank (leaving aside that banks keep a certain amount of vault cash on hand).

According to the order, the transactions violated the Customer Protection Rule, which prohibits broker - dealers from using affiliates to reduce their customer reserve account deposit requirements.

The margin loans lowered the borrowing costs incurred to hedge these swap trades and reduced the U.S. broker - dealer's customer reserve account deposit requirements by tens to hundreds of millions of dollars per day.

«Complex trading schemes designed to artificially reduce the amount a broker - dealer must maintain in its customer reserve account run contrary to these basic obligations.»

If the tax levy exceeds the allowable amount due to «clerical or technical error,» the excess tax levy must be placed into an interest - earning reserve account to be applied to offset the next year's tax levy.

Signed on Monday, the $ 2.7 billion spending plan — which calls for no tax increase in the county's general fund — calls for using nearly $ 33 million from the county's sewer stabilization fund, a reserve account created when Suffolk County taxpayers approved the Drinking Water Protection Program via referendum in 1987.

Do we have wire instructions on the special reserve account?»

Ulster town officials are discussing plans to establish a reserve account of $ 1.43 million to pay a tax refund in the event a reduction in the property assessment of the Hudson Valley Mall is granted by a judge.

Setting up the reserve account was simply a matter of being prudent, Quigley said.

If it were to proceed, the project might be financed by a combination of private donations and funds from a municipal reserve account.]

County Executive Steve Bellone signed a $ 2.7 billion spending plan last Monday, after the Legislature decided to use nearly $ 33 million from the county's sewer stabilization fund, a reserve account created when Suffolk County taxpayers first approved the Drinking Water Protection Program via referendum in 1987.

But the reserves account for only 1,050 teachers, a small percentage of the number that could lose their jobs if proposed state budget cuts are enacted.

-- For calendar year 2017 and each year thereafter, the annual limit on the number of emission allowances from the strategic reserve account that may be auctioned is an amount equal to 10 percent of the emission allowances established for that calendar year under section 721 (a).

-- For each of calendar years 2012 through 2016, the annual limit on the number of emission allowances from the strategic reserve account that may be auctioned is an amount equal to 5 percent of the emission allowances established for that calendar year under section 721 (a).

argue why the Rams should be outperform than theirs, so why not barely win two age for our field game squad which ends the ’07 gift reserve account, victimized his energy at football player, ahead they took on roughly big second rank fine - tune with his feet, victimized his toughness double multiplication Roshe Run Shoes Goedkope Air Max Marc Jacobs Handbags Cheap Ray Ban Sunglasses Coach Outlet did be with rookies, the big power be all position.

Amends the statute allowing transfers from the state tuition reserve account to the state general fund to be made during the state fiscal year beginning in 2015 and in the state fiscal year beginning in 2016 if distributions for choice scholarships cause a reduction in state tuition support.

The Constitutional amendment directs billions of dollars, beginning with the 2015 - 16 budget, into the state's own emergency reserve account.

In addition, a 12 - month debt service reserve account will be established beginning in year 6 of operations and will be in place through the final maturity of the TIFIA loan.

Asset allocation is a critical component to the success of any investment plan, whether it's saving for a long - term goal like retirement or simply building up a reserve account for emergencies.

Any money left in the escrow reserve account for the existing loan will generate a refund.

Some money may be left in the escrow reserve account for the old mortgage.

(2) U.S. financial expert Harold Evensky's version of the bucket strategy calls for maintaining two years worth of spending needs in a highly liquid «cash flow reserve account» and at least three years of spending needs in high - quality short - term bonds.

As an advisor, I strongly recommend that you have at least one year of income in your cash reserves account (emergency fund).

The growth account is for long term saving, and its interest accrues at a different rate than the reserve account.