Excess surplus means any unexpended and unencumbered amount in the agency’s Low and Moderate Income Housing Fund that exceeds . . . the aggregate amount deposited into the Low and Moderate Income Housing Fund . . . during the agency’s preceding four fiscal years. The first fiscal year to be included in this computation is the 1989-90 fiscal year, and the first date on which an excess surplus may exist is July 1, 1994. (Code section 33334.12(g)).

Excess surplus means any unexpended and unencumbered

Excess surplus means any unexpended and unencumbered amount in an authority’s Low and Moderate Income Housing Fund that exceeds the greater of one million dollars ($1,000,000) or the aggregate amount deposited into the Low and Moderate Income Housing Fund pursuant to Sections 62100 and 62104 during the authority’s preceding four fiscal years. The first fiscal year to be included in this computation is the 2016–17 fiscal year, and the first date on which an excess surplus may exist is July 1, 2021.

Examples of Excess surplus in a sentence

Prior year surplus, as determined by the completion of the annual financial audit, shall be used to maintain fund balance as shown in Appendix 6.A. Excess surplus, beyond the amount needed to maintain fund balance shall be used as follows: 4.13.4.1.1 100% shall be transferred to the Youth Home CIP fund (2465) and designated as Child Care Buildings & Infrastructure fund projects.
Excess, surplus and obsolete items not transferred or traded-in may be consolidated and offered for sale to the highest responsible bidder either by auction or by sealed bid method.
Prior year surplus, as determined by the completion of the annual financial audit, shall be used to maintain fund balance as shown in Appendix 6.A. Excess surplus, beyond the amount needed to maintain fund balance shall be used as follows: 4.12.4.1.1 100% shall be transferred to the Youth Home CIP fund (2465) and designated as Child Care Buildings & Infrastructure fund projects.
Such transfers could possibly occur if the Housing Fund contained "excess surplus." Excess surplus means any unexpended and unencumbered amount in the Housing Fund that exceeds the greater of $1,000,000 or the aggregate amount deposited into the Housing Fund during the project's preceding four fiscal years.
Excess, surplus and obsolete items not transferred will be consolidated and offered for sale by auction or by sealed bid method.

More Definitions of Excess surplus

Excess surplus means any amount on hand in excess of the amounts set aside to fund the reserves to the target levels identified in the long-range budget plan;

Excess surplus means the funds in the beneficiary lon- gevity reserve account that exceed the funded status range and that are subject to allocation by the Board as provided in R2-8-203(A)(3).

Excess surplus means any surplus in excess of the Allowable Surplus.

Excess surplus means (i) an amount equal to (A) the Surplus minus (B) the Surplus Threshold, plus (ii) interest on such amount, calculated at the rate of four percent per annum, from the Closing Date to the Surplus Determination Date.

Excess surplus means the funds in the beneficiary longevity reserve account that exceed the funded status range and that is subject to allocation by the Board as provided in rule R2-8-203(A)(3).

Excess surplus or "ES" means the excess profit for the year, calculated as per paragraph 3; means the amount of direct costs and expenditure actually paid (or incurred but not paid) by the Contractor during the relevant Contract Year in respect of the Services but excluding:

Excess surplus means any unexpended and unencumbered amount in an