Budget Requirement definition

Budget Requirement is as defined in Section 32 of the LGFA 1992
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Budget Requirement means the Client’s budgeted costs for a Project.
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Budget Requirement is amended in its entirety as follows:
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Examples of Budget Requirement in a sentence

  • It is a requirement of the Local Government Finance Act 1992 that authorities have regard to the level of reserves when calculating their Budget Requirement.

  • It is recommended at this stage that the current Reserve Policy of maintaining the General Reserve of between 5% and 7.5% of the Net Budget Requirement is retained.

  • The total value of gifts, loans and sponsorship accepted should not exceed a maximum equivalent value of 1% of the Force annual Net Budget Requirement.

  • The Local Authority must take full account of this information when setting the Budget Requirement.

  • The Council must calculate its Budget Requirement for the year in accordance with Section 32 of the Local Government Finance Act (LGFA) 1992.

  • The amount so calculated shall be its Budget Requirement for the year.

  • In order to set a Budget Requirement and Council Tax, the Council must pass a resolution on the statutory determination of tax in the form prescribed by legislation.

  • The setting of the Budget Requirement and the Council Tax is a decision reserved to full Council.

  • The Council must calculate its Budget Requirement in accordance with Section 32 of the Local Government Finance Act 1992.

  • Similarly, Capital Charges have not been reallocated as these 'costs' are reversed out within the Corporate Items section of the estimates, thereby having no impact on the Budget Requirement and Council Tax.

Related to Budget Requirement

  • health and safety file means a file, or other record containing the information in writing required by these Regulations "health and safety plan" means a site, activity or project specific documented plan in accordance with the client's health and safety specification;

  • health and safety specification means a site, activity or project specific document prepared by the client pertaining to all health and safety requirements related to construction work;

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • Health and Safety Plan means a documented plan which addresses hazards identified and includes safe work procedures to mitigate, reduce or control the hazards identified;

  • CFR means the Code of Federal Regulations.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;