Sentences with phrase «use reserve funds»

The survey also reveals that schools continue to use reserve funds in record amounts to plug budget deficits.

One enables school districts to use reserve funds for Sandy recovery expenses; another gives municipalities an additional year to repay state - fund advances.

Ah, of course the shareholders can vote on use the reserve funds (around 370 million) for other activities but they didn't so here we are.

Buffalo Comptroller Mark Schroeder speaks Tuesday in City Hall, warning of tough financial times ahead for the municipal government if it doesn't curb its habit of closing budget gaps by using reserve funds.

This is not the first time that Mayor Jasmin and her village board have recklessly used reserve funds.

The local courts aren't part of the local D.C. government, which is using reserve funds to avoid the full effect of a shutdown, at least for now.

Not exact matches

But the company will benefit from the fund's decision to use XRP, in part because it controls large reserves of the currency (which may get a price boost from Arrington's announcement) and because the move may burnish Ripple's reputation as a money transfer platform.

A traditional venture - capital firm raises money primarily from institutional investors and high - net - worth individuals, while corporate venture capital uses cash reserves from a parent company to fund new endeavors.

«We have an agreement with them where we own the drug, but anything that's funded by the U.S. government, it reserves the right to use that under certain circumstances,» says Mark Murray, president and CEO of the Burnaby, B.C., company.

Of note is a $ 3 - billion reserve fund set aside for covering such shortfalls.Then there is the option that governments all over the world rely on: using flexibility in accounting rules to buff up the financial picture.

Since bank reserves held at the Fed are far above their historical levels, marginally raising or lowering reserves — which is how the Fed hits its funds rate target (ffr)-- don't move the ffr the way they used to.

Since transactions are settled instantly with blockchain, these reserves could be freed up, with the funds put to more profitable use.»

Historically, the Federal Reserve used repos and reverse repos to adjust the aggregate quantity of reserves so as to keep the federal funds rate close to the target rate established by the FOMC.

Consequently, interest rate policy is now conducted using two new policy rates to create a federal funds rate target «range:» the interest paid on excess reserves (IOER) creates the target ceiling while the overnight reverse repurchase (ON RRP) rate creates the target floor.

To be able to provide appropriate stability of the price, the project uses a method of rate support in reserve storages and diversifies funds.

In addition, approximately $ 6 million was used to pay transaction expenses and fund required reserves and the remainder will be used for general corporate purposes.

It's essential to maintain operating cash to fund the daily operations of your business, but cash reserves beyond that can be viewed as capital that can be used to fund growth or reinvestment in the business.

When the topic was raised in the Debate Prentice said school boards had $ 460 million in their reserve funds and should use these funds to deal with overcrowded classrooms.

That reinvestment may be used to fund acquisitions, build new factories, increase inventory levels, establish larger cash reserves, reduce long - term debt, hire more employees, start a new division, research and develop new products, buy common stock in other businesses, purchase equipment to increase productivity, or a host of other potential uses.

If she used those funds to pay down her mortgage to $ 92,000, she could then use her $ 72,000 of cash less $ 30,000 for a reserve for emergencies, net $ 42,000 to pay down the mortgage to $ 50,000.

We believe that GFI has room to take on $ 1.5 million — $ 4.4 million in additional funding over the next year.2, 3 We expect they would use additional funding to continue to expand, including hiring staff in each of their program areas and increasing their reserves as they increase in size.

Previous governments stated that the reserve should not be used to fund new policy initiatives.

In October, the Boston - area research university had barred the group from using Tufts in its name, receiving student activity funds, or reserving campus meeting spaces because TCF required its leaders to adhere to its statement of faith.

@gooner100 i use to think like you but i realized that i was been a fool, they have the funds for a lot longer then they let on, and even now they have huge reserves that they are not announcing, don't you find its a bit strange that we are the 5th richest club in the world but we rank in terms of success below twentieth or even lower, don't you notice how good players become average and great players leave, don't you notice we have no game plan, there are so many good things are happening with Arsenal but only business terms not on the pitch.

«I don't think we can build the whole building at once, but we do want to have some space to move into,» Park District Board Vice President Mary Wright said, noting the project is to be constructed in phases by using available bond funds, reserve money and any money gained from the sale or lease of property to the library.

WHITE PLAINS — The Westchester County Board of Legislators Monday night authorized the county to reserve 50 percent of the county's almost $ 7.9 million federal funds for use by local municipalities for renewable energy and energy efficiency improvements.

Commissioners are looking at spending $ 94,000 for a used engine ladder truck, plus $ 51,000 for a used pumper tanker, then selling a tanker for revenue so the amount they'd need to use from an existing reserve fund would end up in the $ 40,000 or under range, after reimbursement from the existing tanker's sale.

It is also worth noting that Mayor Bloomberg has at least $ 2 billion in reserves which could be used to offset the loss of this education funding.»

They question whether or not the reserve funds in place can be used to make repairs; they have sought the assistance of an attorney to answer this question.

Santino took office as supervisor in 2016, when the town's $ 436.4 million budget included using $ 23.5 million in reserve funds to cover operational expenses, officials said.

Benjamin Barnes, secretary of the Office of Policy and Management, warned that the rainy day fund — known as the «budget reserve fund» — will have to be used to pay down the deficit unless the legislature acts to reduce spending.

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.

Aside from the county's decision to use reserves from the sewer stabilization fund, an attempt to bring back about $ 120,000 more in revenue to the East End, generated through the county's hotel / motel tax, stalled in the Legislature's economic development and energy committee.

He made news recently by raising concerns about City Hall's budgeting practices, which have involved the use of reserve funds the past three years to balance the books.

The remainder is currently on reserve in the Trust Funds and will be used to pay future benefits.

Senate Majority Leader Dean Skelos said he would like the found money to be used to either support the state's reserve funds or to provide tax relief.

The district also has reserve funds earmarked for certain uses.

He said that the $ 500 million in revenue reserved for modernizing the subways and buses could support the MTA borrowing up to $ 8 billion for capital upgrades — funding he says should be used for infrastructure improvements such as signal improvements, new cars and track maintenance.

Other indicators used for measurement are low reserve - fund balance, low liquidity and short - term debt.

Syracuse will use money from its reserves to close the gap in funding.

The monitoring system uses six financial indicators, including levels of cash reserves known as fund balances, operating deficits, cash on hand and reliance on short - term borrowing.

The Land Bank currently has $ 4 million in its reserve funds — money Common Councilors have said it could use to plug the hole left by the lack of city funds.

At the same time, a state aid increase and use of reserve funds helped the vast majority of school boards stay within the property tax cap.

The report on Levittown's operations said school officials must ensure that reserve funds are governed by board resolutions or policies that include the reasons why money is being set aside, financial objectives for the reserves, optimal funding levels and the conditions under which each reserve fund will be used.

The audit recommended that Montauk use its surplus to pay for one - time expenditures, fund needed reserves and reduce property taxes.

In addition, the district paid for unemployment insurance costs totaling $ 320,912 over the last three fiscal years by including appropriations in the budgets instead of using money from the reserve fund, the report found.

Floss says the money could also be used to replenish reserve funds for local governments and school districts, who've had to draw down their reserves in recent years to pay for operating expenses.

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.

As mayor, my immediate priority would be to use $ 15 million to help balance the proposed 2017 - 18 city budget, which currently draws down $ 18 million from our fund balance reserves (rainy day fund).

Many district officials plan to use their undesignated reserve funds to offset cuts and budget gaps, but they are still planning to increase tax levies and cut employees.