Enterprise Fund Sample Clauses
The Enterprise Fund clause establishes a dedicated financial account or pool of resources set aside for the operation, maintenance, or development of a specific business unit or project within an organization. Typically, this clause outlines how revenues generated by the enterprise are deposited into the fund and how these funds may be used exclusively for related expenses, such as infrastructure improvements or service delivery. Its core practical function is to ensure that the financial resources of a particular enterprise are managed separately from general organizational funds, promoting transparency, accountability, and the sustainable funding of the enterprise's activities.
Enterprise Fund. The Authority shall maintain its books and records and its funds on an enterprise fund basis. The Authority shall not pay any net proceeds or profits to its local government, other than for services received by the Authority.
Enterprise Fund. All rentals received prior to the date of this MOU have been deposited in a depository account. Rental funds currently held as well as any and all other monies received after the date of this MOU for the use or operation of the Property shall be used to pay for maintenance, liability insurance and other costs incurred in the operation, and in connection with the ownership, of the Property. Such funds shall be deposited into an enterprise account administered by the Board. No such funds will be distributed to the parties except as reimbursement for operating or maintenance expenses. The Board shall prepare a financial report regarding this account at least annually and shall timely provide a copy of the same to the Town.
Enterprise Fund. District’s Food Service Program operates and must continue to operate as a self- sufficient enterprise fund (“Nutrition Services Enterprise Fund”). All allowable direct and indirect costs, including all fees associated with consulting and management of the Food Service Program, will be charged to the Nutrition Services Enterprise Fund. The Nutrition Services Enterprise Fund will be reported in District’s Comprehensive Annual Financial Report (CAFR) on a full accrual basis of accounting for the Current Year of the Agreement.
Enterprise Fund. The Parties acknowledge that the obligations and liabilities of Buyer under this Agreement shall be payable solely from Buyer’s electric revenue fund.
Enterprise Fund. The ▇▇▇▇▇▇ Field Airport facility will operate as an enterprise fund. All revenue generated by the lands and operations of the facility will remain with the facility.
Enterprise Fund. The PHUGA sewer system operates as an enterprise fund designed to recover costs from customers. Charges for the PHUGA sewer utility are set in the PHUGA sewer system fee schedule. JPUD shall administer and collect all charges authorized in the PHUGA sewer system fee schedule. County shall pay JPUD for its services to operate the PHUGA sewer system using revenue from charges paid pursuant to PHUGA sewer system fee schedule and County’s other sources of funds, if the charges paid pursuant to the PHUGA sewer system fee schedule are insufficient.
Enterprise Fund. An accounting device and financing process whereby all Airport revenues and expenses are considered as one fund and not commingled with other County revenues and expenses. The Airport has adopted the Enterprise Fund concept in part to come into compliance with FAA Grant requirements that the Airport charge sufficient revenues to be self-sustaining and that all Airport revenues be used for Airport-related purposes.
Enterprise Fund. It is the intention of the Parties that, except as specifically provided otherwise herein, the Project shall be financially operated as an enterprise fund with costs borne by City, and with neither profits nor losses accruing to District as a result of the Project. All terms of this Agreement shall be construed in accordance with the intent of this Section 2.10.
Enterprise Fund. The Town shall establish a separate Property Enterprise Fund Account where all payments and revenues of this Agreement shall be administered.
Enterprise Fund. A major factor which has been identified is the need for smaller businesses to have access to cheaper working capital. In recognition of this crucial need, the Government are arranging for the provision of an Enterprise Fund of 2100 million, over a ten-year period, which will be made available to small and medium sized businesses on terms and conditions that have never previously existed in this country.