Accruals definition
Examples of Accruals in a sentence
No later than 60 days following expiry of that Financial Year, the Recipient shall submit to the Authority an Approved Claim Form in accordance with clause 6.1 to the value of the Accruals Claim Form, which will enable payment of the Qualifying Expenditure as forecast on the Accruals Claim Form.
The budget will be approved by the Property finance team in the same way as the regular yearly budget, as described in section 10: Budgeting, Forecasting and Accruals.
Each nurse’s PTO balance is subject to a maximum accrual of one and 21 one half (1.5) times their annual accrual rate, which is not prorated for 22 nurses whose FTE status is less than 1.0. Accruals will stop when the 23 maximum limit is reached and will resume when time off has been taken 24 and the PTO balance falls below the maximum.
Accruals must be measured against known consumption and contract information where available.
Accruals are based on full time years of service to the District, including time when the District was part of the City of Redmond.