Annual Expenses. Note: See
Annual Expenses. The yearly total of payments of cash or incurrence of a liability for the purpose of acquiring assets, or services or settling losses. Assets: A probable future economic benefit obtained or controlled by a particular entity as a result of past transactions or events. These economic resources can be tangible or intangible. Assets might be financial in nature (like cash and accounts receivable) or nonfinancial (like buildings and equipment). Audit: A systematic collection of the sufficient, competent evidential matter needed to attest to the fairness of management’s assertions in the financial statements or to evaluate whether management has efficiently and effectively carried out its responsibilities. The auditor obtains this evidential matter through inspection, observation, inquiries, and confirmations with third parties. Refer to Compliance Audit, Corrective Action Plan, Financial Audit, Performance Audit, and Single Audit. Balance Sheet: A financial statement that discloses the assets, liabilities, and equities of an entity at a specified date in conformity with generally accepted accounting principles (GAAP). Also, referred to as the Statement of Financial Position or Statement of Net Assets (not to be confused with Statement of Net Position, see below).
Annual Expenses means, for any Lease Year, all reasonable and necessary direct, out-of-pocket expenses and disbursements which Lessee shall pay during the Lease Year because of or in connection with the ownership, or operation, maintenance of the Project including deposits into any replacement reserve as required by a City loan agreement, and such other uses as may be approved in writing by the City.
Examples of Annual Expenses in a sentence
This will be determined by a ratio of Effective Gross Income to Total Annual Expenses (including reserve for replacement).
All developments with debt must meet DCA’s debt coverage ratio requirement and have a minimum Effective Gross Income to Total Annual Expenses (including reserve for replacement) ratio of 1.10 for new construction and 1.15 for developments involving rehabilitation.
This will be determined by a ratio of Effective Gross Income to Total Annual Expenses (including Replacement Reserves).
This will be determined by an expense ratio of Effective Gross Income to Total Annual Expenses (including replacement reserve contributions).
For this purpose, NOI is the income remaining after subtracting Total Annual Expenses and Annual Replacement Reserves from the Effective Gross Income (EGI).• All proposals will be underwritten such that they produce $900 per unit in annual cash flow.
More Definitions of Annual Expenses
Annual Expenses. Means the estimated aggregate amount of expenses to be incurred in connection with the Club during the applicable Calendar Year (a) to provide for the payment of the operation, management, maintenance, administration, improvement and repair of the Club Projects, including without limitation, the Suites, the Common Areas, and the Common Furnishings, and for the creation of reserves for payment of capital expenditures relating to the repair, restoration or replacement of the Suites, Common Areas and/or Common Furnishings; (b) to provide for the payment of miscellaneous expenses incurred in connection with the operation of the Club; and (c) payment of any insurance and bonding costs as well as any federal, state or municipal taxes and/or licensing fees.
Annual Expenses. Annual expenses: income from financial activity, 1994 - $2 600 thousand expenses, profit. Possible for 1994, 1995 - $4 400 thousand 1995, 1996 years 1996 - $2 600 thousand
Annual Expenses. As defined in Section 23.01.
Annual Expenses means, with respect to any Annual Period, all expenses incurred by the Surviving Corporation during such Annual Period in accordance with GAAP as consistently applied by the Surviving Corporation, provided that (A) Annual Expenses shall not include: (x) any professional fees and expenses incurred in connection with the consummation of the Merger contemplated hereby, (y) any operating expenses directly attributable to an Acquired Business, and (z) any provision for federal, state or city income taxes (or similar taxes based on the Surviving Corporation's net income); and (B) the aggregate amount of compensation expenses included in Annual Expenses shall not exceed the Total Compensation Amount for such Annual Period.
Annual Expenses mean the Fund’s pro-rata portion of all fees, costs and expenses connected with the management and operation of the Company and all fees, costs and expenses connected with the management and operation of Fund (with the exception of the fees and expenses of the Manager and its out-of-pocket expenses which are excluded) including, but not limited to, the fees and expenses (including out of pocket expenses) of the service providers to the Fund, such as the fees and expenses payable to the Depositary (including fees and transaction charges (which shall be at normal commercial rates) and reasonable out-of pocket expenses of any sub-custodian), the Investment Manager, the Administrator and the Distributor, the operational expenses, the Directors fees and out of pocket expenses, the audit fees, the fees of the tax and legal advisors, the company secretarial fees, the money laundering reporting officer fees and foreign registration fees. "Annual Expenses" shall not, however, include any taxation (including stamp duty) to which the Company may be liable, commissions, brokerage fees and other expenses incurred with respect to the investments of the Fund and any extraordinary or exceptional costs and expenses as may arise from time to time such as material litigation in relation to the Company or the Fund. The foregoing fees, costs and expenses, where arising, will be borne by the Company or the Fund, as applicable.
Annual Expenses means those Expenses incurred or to be incurred, as the case may be, by the Association in a particular financial year in furthering the objects and purpose of the Constitution, as contemplated and envisaged in clauses 6 and 7 of this Constitution;