Fund deficit definition

Fund deficit means the excess of liabilities, reserves, and contributions over its assets, as reflected by its books of account.
Sample 1Sample 2Sample 3
Fund deficit means the excess of liabilities, reserves and contributions over fund assets, as reflected by a municipality's books of account;
Sample 1Sample 2Sample 3
Fund deficit means the excess of liabilities, reserves, and contributions over its
Sample 1Sample 2Sample 3

Examples of Fund deficit in a sentence

  • As part of the above-described furlough program, the District will restore various selected of the 2012-13 position reductions and basis reductions previously adopted as part of the February 15, 2012 Budget Balance Plan to address the 2012-2013 General Fund Deficit.


More Definitions of Fund deficit

Fund deficit means the amount by which the sum of incurred claims and administrative expenses exceeds the final premium for the fund year (for purposes of this definition of fund deficit, the definition of final premium shall include interest earned on all premium payments by all members and other earned and accrued income of the Group which shall accrue to the benefit of the Group).
Sample 1Sample 2Sample 3
Fund deficit means the excess of liabilities, reserves, and contributions
Sample 1Sample 2
Fund deficit means the excess of liabilities, reserves, and contributions over itsassets, as reflected by its books of account.
Sample 1Sample 2
Fund deficit means the excess of liabilities, reserves, and contributions over its 3518 assets, as reflected by its books of account. 3519 (17) "General Fund" means the fund used to account for all receipts, disbursements, 3520 assets, liabilities, reserves, fund balances, revenues, and expenditures not required to be 3521 accounted for in other funds. 3522 (18) "Interfund loan" means a loan of cash from one fund to another, subject to future 3523 repayment; but it does not constitute an expenditure or a use of retained earnings, fund balance, 3524 or unappropriated surplus of the lending fund. 3525 (19) "Last completed fiscal period" means the fiscal period next preceding the current 3526 period. 3527 (20) "Modified accrual basis of accounting" means a method under which expenditures 3528 other than accrued interest on general long-term debt are recorded at the time liabilities are 3529 incurred and revenues are recorded when they become measurable and available to finance 3530 expenditures of the current period. 3531 (21) "Municipal capital project" means the acquisition, construction, or improvement 3532 of capital assets that facilitate providing municipal service. 3533 (22) "Municipal service" means a service not provided on a countywide basis and not 3534 accounted for in an enterprise fund, and includes police patrol, fire protection, culinary or 3535 irrigation water retail service, water conservation, local parks, sewers, sewage treatment and 3536 disposal, cemeteries, garbage and refuse collection, street lighting, airports, planning and 3537 zoning, local streets and roads, curb, gutter, and sidewalk maintenance, and ambulance service. 3538 (23) "Retained earnings" means that part of the net earnings retained by an enterprise 3539 or internal service fund which is not segregated or reserved for any specific purpose. 3540 (24) "Special fund" means any fund other than the General Fund, such as those 3541 described in Section 17-36-6. 3542 (25) "Unappropriated surplus" means that part of a fund which is not appropriated for 3543 an ensuing budget period. 3544 (26) "Warrant" means an order in a specific amount drawn upon the treasurer by the 3545 auditor. 3546 Section 87. Section 17-36-39 is amended to read: 3547 17-36-39. Independent audits.
Sample 1

Related to Fund deficit

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Deficit means an excess of liabilities and reserves of a fund over its assets.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.00 per cent.

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).