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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.
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.
Fiscal exigency means any significant decline in the Board of Education's ability to fund the operation of the district.

Examples of Fiscal exigency in a sentence

  • Fiscal exigency is declared by the College’s Board of Trustees in accordance with Policy 4.11.

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

  • 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.

  • 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.

  • Fiscal exigency will allow the District flexibility in meeting the needs of our students and staff.


More Definitions of Fiscal exigency

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.
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.
Fiscal exigency means any significant decline in the Board of
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
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
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.

Related to Fiscal exigency

  • 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.

  • 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.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • 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:

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.