Hospital’s Retention of Operating Surplus. In accordance with the Ministry’s 1982 (revised 1999) Business Oriented New Development Policy (BOND), the Hospital will retain any net income or operating surplus of income over expenses earned in a Funding Year, subject to any in-year or year-end adjustments to Funding in accordance with Article
Appears in 38 contracts
Samples: Hospital Service Accountability Agreement, Hospital Service Accountability Agreement, Hospital Service Accountability Agreement
Hospital’s Retention of Operating Surplus. In accordance with the MinistryMOHLTC’s 1982 (revised 1999) Business Oriented New Development Policy (BOND), the Hospital will retain any net income or operating surplus of income over expenses earned in a Funding Year, subject to any in-year or year-end adjustments to Funding in accordance with ArticleArticle 5. Any net income or operating surplus retained by the Hospital under the BOND policy must be used in accordance with the BOND policy. If using operating surplus to start or expand the provision of clinical services, the Hospital will comply with section 7.2.1.
Appears in 22 contracts
Samples: Hospital Service Accountability Agreement, Hospital Service Accountability Agreement, Hospital Service Accountability Agreement
Hospital’s Retention of Operating Surplus. In accordance with the Ministry’s 1982 (revised 1999) Business Oriented New Development Policy (BOND), the Hospital will retain any net income or operating surplus of income over expenses earned in a Funding Year, subject to any in-year or year-end adjustments to Funding in accordance with ArticleArticle 5. Any net income or operating surplus retained by the Hospital under the BOND policy must be used in accordance with the BOND policy. If using operating surplus to start or expand the provision of clinical services, the Hospital will comply with section 7.2.1.
Appears in 10 contracts
Samples: Hospital Service Accountability Agreement, Hsaa Amending Agreement, Hsaa Amending Agreement
Hospital’s Retention of Operating Surplus. In accordance with the MinistryMOHLTC’s 1982 (revised 1999) Business Oriented New Development Policy (BOND), the Hospital will retain any net income or operating surplus of income over expenses earned in a Funding Fiscal Year, subject to any in-year or year-end adjustments to Funding in accordance with Articlesubsection 5.6.
1. Any net income or operating surplus retained by the Hospital under the BOND policy must be used in accordance with the BOND policy. If using operating surplus to start or expand the provision of clinical services, the Hospital will comply with subsection 7.3.
Appears in 3 contracts
Samples: Hospital Service Accountability Agreement, Hospital Service Accountability Agreement, Hospital Service Accountability Agreement
Hospital’s Retention of Operating Surplus. In accordance with the MinistryMOHLTC’s 1982 (revised 1999) Business Oriented New Development Policy (BOND), the Hospital will retain any net income or operating surplus of income over expenses earned in a Funding Fiscal Year, subject to any in-year or year-end adjustments to Funding in accordance with Articlesubsection 5.
6.1. Any net income or operating surplus retained by the Hospital under the BOND policy must be used in accordance with the BOND policy. If using operating surplus to start or expand the provision of clinical services, the Hospital will comply with subsection 7.3.
Appears in 1 contract
