Operating Fund Balance definition

Operating Fund Balance means the amount of funds in the Operating Fund at the end of the preceding Fiscal Year.
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Operating Fund Balance means the reported amounts restricted by enabling legislation for the Wake Transit major operating fund, presented in the basic financial statements, and disclosed in the notes to the Financial Statements as required under generally accepted accounting standards.
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Examples of Operating Fund Balance in a sentence

  • The “Days of Cash on Hand” shall be defined using the Operating Expenditures (AFR pages 7-8, Line 17) compared to Operating Fund Balance (AFR pages 7-8, Line 81).

  • Any negative balance remaining after consideration of reserve requirements in the Operating Fund Balance.

  • For the 2013-14 school year, the District shall pay each member 1% of a their current salary, one time, off schedule, should the District’s audited 2013-14 General Operating Fund Balance figure equal or exceed 7.5%.

  • For the 2019-2020 school year, based on the District’s FY 19 Annual Financial Report, if the Operating Fund Balance shows the District has at least ninety (90) days of cash on hand, a one-time $500 stipend shall be paid to each current member on the December 30 payroll.

  • For the 2014-15 school year, The District shall pay each member 1% of their current salary, one time, off schedule, should the District’s audited 2014-15 General Operating Fund Balance figure equal or exceed 7.5%.

  • For the 2018-2019 school year, based on the District’s FY 18 Annual Financial Report, if the Operating Fund Balance shows the District has at least sixty (60) days of cash on hand, a one- time $500 stipend shall be paid to each current member on the December 30 payroll.

  • For the 2022-2023 school year, based on the District’s FY 22 Annual Financial Report, if the Operating Fund Balance shows the District has at least one hundred ten (110) days of cash on hand, a one-time $500 stipend shall be paid to each current member on the December 30 payroll.

  • The plan shall include setting aside a portion of the operating fund revenues expected in any fiscal year until the desired Operating Fund Balance level is achieved.

  • In effectively managing the unassigned portion of the Operating Fund Balance, a fund balance level not less than four but not greater than eight months of the average annual operating fund expenditures should be retained, which is measured by either:‌ a.

  • At any time, such as when the unassigned portion of the Operating Fund Balance exceeds the upper threshold, the College may assign a portion of the Operating Fund Balance.