Lack of funds definition

Lack of funds means the District has a current or projected deficiency of funding to maintain its current or sustain projected levels of staffing and operations.
Lack of funds. Means an appointing authority has a current or projected deficiency of funding required to maintain current, or sustain projected levels of staffing and operation.
Lack of funds for purposes of layoff, means that the appointing authority has a current or projected deficiency of funding to maintain current levels, or to sustain projected levels, of staffing and operations. The appointing authority is not required to transfer money between funds in order to offset a deficiency or projected deficiency in funding for staffing and operations; “lack of funds” may be presumed by the appointing authority upon reduction or withdrawal of funding for any program dependent upon state of federal grant or similar funding mechanism. Determination of such a condition and notification procedure shall be made in accordance with Ohio Revised Code Section 124.321 (A) and (B).

Examples of Lack of funds in a sentence

  • Lack of funds shall render this contract null and void to the extent funds are not available and any delivered but unpaid for goods will be returned to Vendor by City.

  • Lack of funds shall render this contract null and void to the extent funds are not available and any delivered but unpaid for goods will be returned to vendor by City.

  • Lack of funds shall render this contract null and void to the extent funds are not available and any delivered but unpaid for goods will be returned to Seller by City.

  • Lack of funds will render a Cooperative member’s Purchase Order null and void to the extent funds are not available and any delivered but unpaid product will be returned to Vendor.

  • Lack of funds will render a member’s purchase order null and void to the extent funds are not available and any delivered but unpaid product will be returned to Vendor.


More Definitions of Lack of funds

Lack of funds means the School District has a current or projected deficiency of funding in the amount of at least $250,000 as certified by the State Auditor for the ensuing year to maintain current, or to sustain projected levels of staffing and operations. In making such reduction, the Board shall proceed to suspend contracts in accordance with the recommendation of the Superintendent/designee. The following provisions shall also apply:
Lack of funds is defined to mean a current deficiency of funding necessary to maintain current operations. When it is determined that a reduction in staff is necessary within a classification, department, or building, temporary, seasonal or new employees in an initial probationary status shall be laid off first. The job classifications/positions recognized in Article 3, Recognition, 3.1 will be used in the event of reduction of classified employees, layoffs, displacement, job elimination and/or recall. For layoff, displacement, and recall purposes, the job classifications/positions are organized into the following classifications and classification series: Bus Drivers Maintenance Head Maintenance Maintenance Nurse’s Assistant Cafeteria Head Cook Assistant Head Cook Cook Mechanic Head Mechanic Mechanic Paraprofessional Custodial Head Custodian Custodian Monitor Bus Monitor* Cafeteria Monitor* CLC/XXXX* Crossing Guard Secretarial Personnel * The classifications within the Monitor classification series marked with an asterisk are considered one classification for layoff, displacement and recall purposes.
Lack of funds means the Employer has a current or projected deficiency of funding to maintain current, or sustain projected, levels of staffing and operations. Whenever a program receives funding through a grant or similar mechanism, a lack of funds shall be presumed for the positions assigned to and the employees who work under the grant or similar mechanism if, for any reason, the funding is reduced or withdrawn.
Lack of funds means an appointing authority has a current or projected deficiency of funding to maintain current, or to sustain projected, levels of staffing and operations. This section does not require any transfer of money between funds in order to offset a deficiency or projected deficiency of funding for programs funded by the federal government, special revenue accounts, or proprietary accounts. Whenever a program receives funding through a grant or similar mechanism, a lack of funds shall be presumed for the positions assigned to and the employees who work under the grant or similar mechanism if, for any reason, the funding is reduced or withdrawn. The appointing authority shall determine whether a lack of funds exists.
Lack of funds means an appointing authority has a current or projected deficiency of funding
Lack of funds means an appointing authority has a current or projected deficiency of funding to maintain current, or to sustain projected, levels of staffing and operations. A “lack of work” means an appointing authority has a current or projected decrease in workload that requires a reduction of current or projected staffing levels in its organization or structure.
Lack of funds means an appointing authority has a current or projected deficiency of funding to maintain current, or to sustain projected, levels of staffing and operations.” Further, R.C. 124.321(D) provides: