Examples of Nonrecurring expenditures in a sentence
Non-recurring expenditures are expenditures that are allowable but will not be repeated annually.
Non-recurring expenditures should be described in Section L below.
Financial Aid Lock DateFinancial aid is awarded to students based on their enrollment status in at the time of the “lock date.” The “lock date” is the date in which a snapshot is taken of the number of credits you are registered for on that date.
Use of award funds must be determined jointly by the school’s staff and school advisory council, and must be used for the following:• Nonrecurring financial incentives to the instructional personnel and staff;• Nonrecurring expenditures for educational equipment or materials to assist in maintaining and improving student performance; or• Other personnel for the school to assist in maintaining and improving student performance.
Non-recurring expenditures, typically in the form of debt service or capital lease payments, are made from Fund 30.
In the discharge of any duty imposed or power conferred on Directors, they may in good faith rely on information, opinions, reports, or statements, including financial statements and other financial data, concerning the Corporation or another person that were prepared or presented by a variety of persons, including officers and employees of the Corporation, professional advisors, or experts such as accountants or legal counsel.
Non-recurring expenditures are one-time costs such as acquisitions or replacements of capital assets.