Fund Balance. Any cash held for the Client, other than cash received by USL in respect of settling a Transaction and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank as required by applicable laws from time to time. The Client’s Account will be credited at a rate as stipulated by USL’s sole discretion from time to time.
Fund Balance. During the term of this Agreement, the County shall furnish to the Purchaser at the end of each quarterly accounting period a report of account balances for any fund or account relating to the Notes or established under the Trust Agreement.
Fund Balance. Any cash held for the Client, other than cash received by GTJAS in respect of settling a Transactions and of fulfilling other debt obligations by the Client, shall be credited to a client trust account maintained with a licensed bank nominated by GTJAS as required by the applicable laws and regulations from time to time. The Client’s Account may be credited with part or all interests GTJAS earned or received from its banker in such client trust account as GTJAS at its absolute discretion thinks fit.
Fund Balance. The Board of County Commissioners, WCCLS and the Contractors are committed to a strategy that balances fiscal prudence with service delivery to meet community needs. WCCLS will maintain a minimum fund balance of three months of total annual expenditures. As projected annual expenditures increase, the total minimum fund balance will increase proportionately.
Fund Balance. In recognition that Program Expenditures may be higher in years in which Xxxxxxx Aquifer levels are low or are anticipated to be low, the HCP Program Account will allow for the accumulation by the EAA of a Fund Balance. The accumulated Fund Balance will be capped at $46 million (Fund Balance Cap), unless amended by the Implementing Committee. Any Excess Fund Balance may be used to reduce the Annual Funding Obligation of the EAA as otherwise required under Section 5.2. The EAA will reduce the Program Aquifer Management Fees assessed for the next following year to fund the Annual Program Budget to reflect the use of the Excess Fund Balance in that year.
Fund Balance. Fund balance is the excess of a fund’s assets over its liabilities in a governmental fund while Net Assets is the equity associated with the general government’s assets and liabilities.
Fund Balance. In the new combined TIF Fund, the City must attain a fund balance of at least 101% of the upcoming annual debt service due before December 31 of that calendar year on TIF Bonds issued and outstanding in connection with the Consolidated Redevelopment Project Area as of June 30th of that Calendar year.
Fund Balance. The Fund Balance provides the operational capital to continue operations until revenues have been received.
Fund Balance. Following receipt of the Phase 1b Initial Deposit, SCWD shall deduct from LBCWD’s Fund Balance the LBCWD Share of the Estimated Phase 1b Preliminary Services Costs incurred or paid. Any Fund Balance at the end of Phase 1b shall be refunded by SCWD to LBCWD after a final accounting thereof.
Fund Balance. Flagstaff and Northern Arizona University will each maintain a fund balance with NAIPTA as required by Section 10.2.1 of the Amended Master IGA.
