Deficit Financing is defined to exist when a fund's expenditures and other financing uses exceed its revenues and other financing sources in a given year. If a deficit is shown below, provide an explanation and any deficit reduction plan, as necessary. G eneral Fund Combined S urplus/ ( Deficit) (Deficit) % Deficit primarily due to:
Deficit Financing is defined to exist when a fund's expenditures and other financing uses exceed its revenues and other financing sources in a given year. If a deficit is shown below, provide an explanation and any deficit reduction plan, as necessary. General Fund Combined Surplus/ (Deficit) (Deficit) % Deficit primarily due to: Current FY Surplus/(Deficit) before settlement(s)? $ 639,262 3.1% Current FY Surplus/(Deficit) after settlement(s)? $ (551,301) (2.6%) Salary and Benefit 1st Subsequent FY Surplus/(Deficit) after settlement(s)? $ (1,599,256) (7.4%) COLA not keeping with natural cost inc. 2nd Subsequent FY Surplus/(Deficit) after settlement(s)? $ (1,373,135) (6.2%) COLA not keeping with natural cost inc. Deficit Reduction Plan (as necessary): The District will continue to monitor its deficit spending and make necessary adjustments.
Deficit Financing for a budget year means actual expenditures exceeding the employer’s current year actual education fund revenue…”
Examples of Deficit Financing in a sentence
Distributor Advance [on delivery] $250K GAP Insurance / Deficit Financing (FIDEC) [2 yrs after delivery] $972K ie.
Distributor Advance – Video [on delivery] $250K GAP Insurance / Deficit Financing (FIDEC) [2 yrs after delivery] $972K TOTAL: $10M UK $2.5M UK Broadcaster License Fees [on delivery] $750K Deferment (Producer) $1M Foreign Pre-Sales [on delivery] $950K GAP Insurance / Deficit Financing [2 years after delivery] $700K TOTAL: $2.5M -Bank ultimately lends on sums coming in, at a later date (ie.
Beyond 2019-2020, level increases will only be given in years in which the Northeast School Corporation has the money to support this move and as long as it is compliant with the Indiana Code regarding Deficit Financing and IEERB guidance.
More Definitions of Deficit Financing
Deficit Financing is defined to exist when a fund's expenditures and other financing uses exceed its revenues and other financing sources in a given year. If a deficit is shown below, provide an explanation and any deficit reduction plan, as necessary. General Fund Combined Surplus/ (Deficit) (Deficit) % Deficit primarily due to: Current FY Surplus/(Deficit) before settlement(s)? $ 7,517,224 4.6% Current FY Surplus/(Deficit) after settlement(s)? $ 3,821,312 2.2% 1st Subsequent FY Surplus/(Deficit) after settlement(s)? $ (3,899,242) (2.7%) Spending down rest. sources expiring. 2nd Subsequent FY Surplus/(Deficit) after settlement(s)? $ (14,572,117) (10.0%) Spending down rest. sources expiring. Deficit Reduction Plan (as necessary): The District will continue to right-size as we continue to experience declining enrollment. This will allow us to manage deficit spending as we move into the future.