Prudent Reserve definition

Prudent Reserve means Local Mental Health Services Fund money held by a County for use as described in sections 5847(b)(7), (f), and 5892(b)(1) of the Welfare and Institutions Code.
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Prudent Reserve means Local Mental Health Services Fund money held by a
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Examples of Prudent Reserve in a sentence

  • Transfers to CalHFA, WET, CFTN, Prudent Reserve and a JPA are excluded because they are captured separately on Worksheet 2.

  • Those using Accounting Software, will probably also want to include the Purchase Order number.For any expenditure over £250.00 there must be a Three Bid process: This verifies to Committee/Group that they are getting the best deal available for large purchase items and/or services.It is suggested that Committee/Group keep a Prudent Reserve of TWO months operating expenses.

  • It is suggested that a group retain a Prudent Reserve of money to cover any potential extraordinary cost that may be incurred, as well as one to three months regular expenses.

  • Estimated Local Prudent Reserve Balance on June 30, 201735,945,553 a/ Pursuant to Welfare and Institutions Code Section 5892(b), Counties may use a portion of their CSS funds for WET, CFTN, and the Local Prudent Reserve.

  • This data is also necessary to implement W&I Code section 5847, subdivision (b)(7) that requires Counties to establish and maintain a Prudent Reserve so that the County can continue to serve children, adults, and seniors currently being served by CSS and PEI programs during years when revenues in the MHS Fund are below recent averages.

  • Contributions to the Local Prudent Reserve in FY 2016/179,000,0003.

  • The Prudent Reserve is like a savings account for a rainy day for mental health and that money can stay in each county’s account for 3 years after which it is absorbed into a statewide account that is controlled by the CDMH.

  • This field also collects data necessary to implement W&I Code section 5892, subdivision (b)(1) that allows Counties to use up to twenty percent of the average amount of funds allocated to the County for the previous five years to fund technological needs and capital facilities, human resource needs, and a Prudent Reserve.

  • A positive amount indicates that the County has not dedicated sufficient funding to the local Prudent Reserve.

  • This is the estimated amount the County must achieve and maintain as a local Prudent Reserve by June 30, 2011.

Related to Prudent Reserve

  • road reserve means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;