Fiduciary funds means the funds used to account for assets held by a district board of education in a trustee capacity or agency capacity for others and, therefore, cannot be used to support the district board of education’s own programs.
Fiduciary funds means, (i) in respect of any IPS Funds Transfer Service transaction that will be paid to the recipient thereof in U.S. dollars, the amount of money being transmitted to the recipient thereof and (ii) in respect of any IPS Funds Transfer Service transaction that will be paid to the recipient thereof in a currency other than U.S. dollars, the amount of U.S. dollars necessary to purchase the amount of such other currency being transmitted to the recipient thereof.
Fiduciary funds means funds received from an independent, outside source in which the school board is acting in an administrative capacity. The school board, superintendent, or any district employee shall not have any right of approval for how the funds are spent or raised, nor shall they have direct financial involvement in the funds, as determined under Governmental Accounting Standards Board Statement No. 84 (GASB 84). The district shall have fiduciary responsibility for these funds, but does not have any control over the funds. "Fiduciary funds" includes an outside, independent scholarship fund in which the district has no authority to decide how the funds are attained or awarded.
Examples of Fiduciary funds in a sentence
The Employer adopts the Fiduciary Funds Section 403(b)(7) Custodial Account Agreement for the benefit of the employee named above.
Fiduciary Funds - The consolidated financial statements do not include the assets and liabilities or activities of various fiduciary funds.
All contributions made to the Custodial Account shall be used by the Custodian to purchase shares of one or more of the portfolios of the regulated investment company known as the Fiduciary Funds.
I adopt the Fiduciary Funds Section 403(b)(7) Custodial Account Agreement and appoint Firstar Trust Company as Custodian.
I acknowledge that I have received and read the Prospectus for the Fiduciary Funds.
Interest Income on Fiduciary Funds Interest income on fiduciary funds increased 31% in 1995 due to generally higher average short-term interest rates throughout the world.
More Definitions of Fiduciary funds
Fiduciary funds means the funds used to account for assets held by a district board of education in a trustee capacity or agency capacity for others[,] and, therefore, cannot be used to
Fiduciary funds means funds received from an independent, outside source in which the board is acting in an administrative capacity for funds. The board, superintendent, or any district employee does not have any approval process in how the funds are spent, how the funds are raised, or direct financial involvement of the funds, as determined under Governmental Accounting Standard Board Statement No. 84. The district has fiduciary responsibility for these funds but does not have any control over the funds. This includes an outside, independent scholarship fund with which the district does not have any decisions as to how the funds are attained or awarded.
Fiduciary funds means all insurance premiums or return premiums, representing premium taxes and fees received by an insurance producer, except that made payable to an insurer, and all funds received for soliciting, negotiating, effecting, procuring, renewing, continuing or binding policies of insurance, and all funds that an insurance producer collects from a policyholder or premium finance company and that are to be paid to an insurance company, its agents, or to the producer’s employer because of the assumption of liability through the issuance of insurance contracts, or that the producer collects from an insurance company or its agents and that is to be paid to a policyholder or claimant under any contract of insurance, shall be held by the insurance producer acting as a fiduciary, separate from other funds”
Fiduciary funds means all premiums and claims monies paid to or received by the Company from any source which relates to the insurance transactions of any kind relating to clients in connection with the business of the Company.