Fiscal exigency definition

Fiscal exigency means any significant decline in the Board of Education’s ability to fund the operations of the district as a result of a decline in student enrollment, restrictions on revenues, increased costs or any other action, event or condition that may cause the district’s current or projected budget to be insufficient to adequately meet the district’s current or projected needs. A fiscal exigency may exist based solely upon current revenue and expenditure projections.
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Fiscal exigency means any significant decline in the Board of Education’s ability to fund the operations of the District as a result of a decline in student enrollment, restrictions on revenues, increased costs or any other action, event or condition that may cause the District’s current or projected budget to be insufficient to adequately meet the District’s current or projected needs. A fiscal exigency may exist based solely upon current revenue and expenditure projections.
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Fiscal exigency is any decline in the Board's ability to fund the operation of the District that necessitates, in the Board's judgment, a reduction in the District's current general fund budget.
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Examples of Fiscal exigency in a sentence

  • Fiscal exigency of a university or academic unit occurs when a significant gap between expected revenue and expenses can be projected for an extended fiscal period which would lead to a deleterious impact on the operations of a university or academic unit.

  • For FMLA, see policy 90-317 located at my.atsu.edu (see Human Resources Policies). Faculty member is unable to perform essential functions of his/her position with or without reasonable accommodations. Unethical behavior and/or misconduct as determined by a hearing spelled out in the University or respective college/school faculty handbook; Fiscal exigency.

  • Fiscal exigency is a serious condition when the operating funds of the College are inadequate to successfully maintain the established level of programs and services.

  • The Town Board hereby declares its intent to act as Lead Agency, pursuant to SEQRA, for the purpose of conducting the environmental review of the Action.

  • Fiscal exigency" means any significant decline in the Board of Education's ability to fund the operations of the district as a result of a decline in student enrollment, restrictions on revenues, increased costs or any other action, event or condition that may cause the district’s current or projected budget to be insufficient to meet the district’s current or projected needs.

  • Fiscal exigency in this case provides good cause for closing the Kennedy School.

  • Fiscal exigency is a legal status and may be declared only by the Board of Trustees.

  • Mr. Morey explained that Ms. Jastremsky has worked on the ordinance language pertaining to food trucks since the previous fall season, and she has thoroughly researched the issue.

  • Far from dismantling the legacy of the 1913 and 1936 Land Acts, the policy entrenched the legacy of exclusion in the former Bantustans (Claassens, 2015).

  • This determination will be as the result of one or more of the following:  Fiscal exigency  Program and/or enrollment declines The President of the College will seek the advice and counsel of the PECCC as to alternatives to such reductions, if any.


More Definitions of Fiscal exigency

Fiscal exigency means any significant decline in the Board of Education's ability to fund the operation of the district.
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Fiscal exigency means any significant decline in the Board of
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Fiscal exigency means any significant decline in the Board of Education’s ability to fund the operations of the district as a result of a decline in student
Sample 1
Fiscal exigency means any material decline in the ability of the Board to fund the operation of the School. A fiscal exigency may exist based solely upon current revenue and expenditure projections.
Sample 1
Fiscal exigency means any significant decline in the Board of Education's ability to fund the operation of the district as a result of a decline in student enrolment, restriction on revenues, increased costs or any other action, event or condition that may cause the district’s current or projected needs. A fiscal exigency may exist based solely upon current revenue and expenditure projections.
Sample 1
Fiscal exigency means any significant decline in the Board of Education's ability to fund the operations of the district as a result of a decline in student enrollment, restrictions on revenues, increased costs or any other action, event or condition that may cause the district's current or projected budget to be insufficient to adequately meet the district's current or projected needs. A fiscal exigency may exist based solely upon
Sample 1

Related to Fiscal exigency

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • State Fiscal Year means the period beginning September 1 and ending August 31 each year, which is the annual accounting period for the State of Texas.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • Fiscal Year means the fiscal year of the Company.

  • financial expert means an individual, company or firm who is authorised to give investment advice under the Financial Services and Markets Act 2000;

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.

  • Net Investment means (i) as it relates to the Stockholders, the total amount of Gross Proceeds raised in all Offerings; and (ii) as it relates to the Limited Partners (other than the General Partner in its capacity as a Limited Partner) the total amount of Capital Contributions.

  • Fiscal Month means each calendar month.

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared: