Deficit fund balance definition

Deficit fund balance means that term as defined in the "Michigan Public School Accounting Manual" published by the department.
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Examples of Deficit fund balance in a sentence

  • Deficit fund balance in other governmental funds are also presented as unassigned.

  • Deficit fund balance of individual funds: The District did not have any funds with deficit fund balances.

  • Deficit fund balance in other governmental funds is also presented as unassigned.

  • Deficit fund balance or retained earnings balances of individual funds.

  • The long-term portion represents claims pertaining to ongoing Worker’s Compensation and Liability claims totaling $3,886,026.2. Deficit fund balance Self Insurance fund had an accumulated deficit in net position of $822,671 as of December 31, 2015.

  • Deficit fund balance of individual funds.No funds reporting a deficit fund balance at June 30, 2020.

  • Deficit fund balance due to reduced proration of State Aid for regular education transportation.

  • Deficit fund balance Self Insurance fund had an accumulated deficit in net assets of $31,576,589 as of December 31, 2011.

  • Will vaccine recipients be required to show their COVID-19 vaccination recordcard in order to get the second dose?o.

  • The following table shows the net assets restricted for debt service and for other purposes as shown on the Statement of Net Assets: ActivityRestricted byAmountPublic safetyLaw$ 6,903Public worksLaw59,968LibraryContributors and law123,779CemeteryContributors and law96,369StreetContributors and law 15,943 Total Other Purposes $ 302,962 Debt service-library $ 14,154 Fund Equity Deficits Deficit fund balance existed at June 30, 2012 in the Street Fund.

Related to Deficit fund balance

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2003-5 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2003-5 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2003-5 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2003-5 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2003-5 Liquidity Amount on such date and (b) the Series 2003-5 Required Liquidity Amount on such date.

  • Class C Invested Amount means, as of a date, an amount (not less than zero) equal to (a) the initial Note Balance of the Class C Notes, minus (b) the aggregate amount of any principal payments made to the Noteholders of the Class C Notes before that date, minus (c) the cumulative amount of unreimbursed Investor Charge-Offs applied to reduce the Class C Invested Amount under Section 4.3 of the Indenture Supplement before that date, minus (d) the cumulative amount of unreimbursed Reallocated Principal Collections applied to reduce the Class C Invested Amount under Section 4.4 of the Indenture Supplement before that date.