Budget surplus definition

Budget surplus means the amount by which the financial resources of an applicant exceed the total cost of the basic benefits;

Budget surplus means a situation where the operating revenue of the budget exceeds the operating expenses and the aggregate result is positive.

Budget surplus means the positive difference between the total budget revenue and total budget expenditure at the end of the budget year.

Examples of Budget surplus in a sentence

• Should any unexpended funds remain within the Budget after Grantee has completed the activities set forth in the Proposal (“Budget Surplus”), as solely determined by Grantor, Grantee may request that such Budget Surplus be allocated to support new activities.

• In the event of a System Operation Budget Surplus at the Year-End Settlement, that System Operation Budget Surplus shall be deposited into the Reserve Fund.

• Grantor reserves the right to refer Budget Surplus allocation requests for outside expert review, the cost of which shall be deducted from the Budget Surplus.

• Such new activities shall be consistent with the nature and goals of the Proposal, and authority to spend a Budget Surplus on such activities shall require advance written approval of Grantor.

• In the event that Grantor does not approve Grantee’s request to spend a Budget Surplus, expenditure authority for such funds shall revert to Grantor.

• Budget Surplus allocation requests shall be submitted in writing by Xxxxxxx’s Authorized Official within 60 days of completing the activities set forth in the Proposal or 60 days prior to the end of the grant period, whichever is earliest, and shall include a revised Proposal that includes a detailed description of the activities to be performed utilizing the Budget Surplus, the timeline for conducting the activities, and a budget and a justification detailing how the Budget Surplus will be allocated.

• In the event that Grantor does not approve Xxxxxxx’s request to spend a Budget Surplus, expenditure authority for such funds shall revert to Grantor.

• The final amount of such Budget Surplus, and any extension of the Grant Period, shall be determined by Grantor upon Grantee’s timely submission of the relevant AFR and a revised Proposal.

• Budget Surplus allocation requests shall be submitted in writing by Grantee’s Authorized Official within 60 days of completing the activities set forth in the Proposal or 60 days prior to the end of the grant period, whichever is earliest, and shall include a revised Proposal that includes a detailed description of the activities to be performed utilizing the Budget Surplus, the timeline for conducting the activities, and a budget and a justification detailing how the Budget Surplus will be allocated.

• The final amount of such Budget Surplus, and any extension of the Grant Period, shall be determined by Grantor upon Xxxxxxx’s timely submission of the relevant AFR and a revised Proposal.

More Definitions of Budget surplus

Budget surplus means the amount by which sums appropriated exceed actual expenditures and obligations for a fiscal year; obligations and expenditures are held below the level of actual receipts creating savings within the authorized budget.

Budget surplus. The amount by which the budgeted sum for any Work Action Item exceeds the actual Project Costs incurred for such Work Action Item.

Budget surplus means the amount by which the financial resources of an applicant and his dependents exceeds the total cost of assistance necessary to an applicant and his dependents;

Budget surplus shall have the meaning set forth in Section 8.8.

Budget surplus means the positive difference between the projected,i.e. collected revenues and the appropriations, i.e. expenditures. The budget surplus will be used to finance the negative difference between the projected, expanded other inflows and appropriations.

Budget surplus means revenues that exceed expenditures;