Deficit definition

Deficit means an excess of liabilities and reserves of a fund over its assets.

Deficit means total annual revenues minus total annual expenditures.

Deficit means a situation for any fund of a municipality in which, at the end of a fiscal year, total expenditures, including an accrued deficit, exceeded total revenues for the fiscal year, including any surplus carried forward.

Examples of Deficit in a sentence

• Entities receiving $5 million or more annually (under this Agreement and any other Medicaid agreement) for furnishing Medicaid health care items or services shall, as a condition of receiving such payments, adopt written fraud, waste and abuse policies and procedures and inform employees, Providers and agents about the policies and procedures in compliance with Section 6032 of the Deficit Reduction Act of 2005, 42 U.S.C. § 1396a (a) (68).

More Definitions of Deficit

Deficit means a unit of measure generated when a

Deficit shall have the meaning set forth in Section 2.2 hereof.

Deficit means a unit of measure generated when a transportation fuel with a carbon intensity that is greater than the applicable standard adopted by the department under section 3 of this act is produced, imported, or dispensed for use in Washington, such that one deficit is equal to one metric ton of carbon dioxide equivalents.

Deficit means the occurrence when expenditures exceed revenues.

Deficit has the meaning given in Section 8.2(a).

Deficit means the summation of the difference between the department's annual planned sales program vol- ume and the actual timber volume sold.

Deficit means the amount by which actual Expenses exceeds the Event Fee.