Annual deficit means the amount of budgeted expenditures in excess of anticipated revenues from
Annual deficit means the amount of budgeted expenditures in excess of anticipated revenues from operations or capital budgets.
Annual deficit means any actual deficit at the end of a Fiscal Year consisting of an excess of Operating and Capital Costs over Operating Revenues for such Fiscal Year incurred by the Council acting pursuant to the Annual Budget and any amendments.
Examples of Annual deficit in a sentence
Within one hundred eighty (180) days after the close of each Fiscal Year, the Authority shall deliver to each Member a comprehensive annual financial report accompanied by a certificate of an independent certified public accountant, including, among other things, a statement of the financial position of the Authority at the end of such Fiscal Year, a statement of Operating Revenues and Operating Costs under this Agreement, and the amount, if any, of the Annual Deficit.
More Definitions of Annual deficit
Annual deficit shall equal four times the amount of the Net Loss for a Contract Year divided by the average of the Closing Price of the Common Stock for the 15 trading days preceding the Commencement of the Contract Year.
Annual deficit means any actual deficit at the end of a Fiscal Year consisting of an excess of Operating Costs over Operating Revenues for such Fiscal Year incurred by the Authority acting pursuant to an Annual Budget and any amendments thereto.