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 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
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

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.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • 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.

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

  • Fiscal Year End means the end of each Fiscal Year.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Independent Financial Expert means a U.S. investment banking firm of national standing in the United States, (i) which does not, and whose directors, officers and employees or affiliates do not have a direct or indirect material financial interest for its proprietary account in the Company or any of its affiliates and (ii) which, in the judgment of the board of directors of the Company, is otherwise independent with respect to the Company and its affiliates and qualified to perform the task for which it is to be engaged.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Fiscal Month means any fiscal month of the Borrower.

  • 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: