Recurrent Expenditure definition

Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").
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Recurrent Expenditure clause 35;
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Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”).
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Examples of Recurrent Expenditure in a sentence

  • The Secretary of State will pay grants towards Recurrent Expenditure, and may pay grants towards Capital Expenditure, for each Academy.

  • The Secretary of State will pay grants towards Recurrent Expenditure and may pay grants towards Capital Expenditure for the Academy.

  • Earmarked Annual Grant (“EAG”) may be paid by the Secretary of State to the Academy Trust in respect of either Recurrent Expenditure or Capital Expenditure for such specific purposes as may from time to time be agreed between the Secretary of State and the Academy Trust and as described in the relevant funding letter.

  • Recurrent Expenditure (RE) on the other hand refers to expenditure on goods and services that does not result in the creation or acquisition of fixed assets.

  • State Grants for Recurrent Expenditure Recurrent Grants have been recognised on an accruals basis.Recurrent Grants, which have been used for the purchase of fixed assets and for the financing of the capital portion of lease charges, are included in the General Reserve.


More Definitions of Recurrent Expenditure

Recurrent Expenditure means any money spent on the establishment, conduct, administration and maintenance of an Academy which does not fall within Capital Expenditure.
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Recurrent Expenditure clause 36; “Start-up Period” – clause 50; In this Agreement the following words and expressions shall have the following meanings:-
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Recurrent Expenditure means normal overhead and administrative expenses and personnel cost including salaries, emoluments and other benefits of employees;
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Recurrent Expenditure clause 35; “Start-up Period” – clause 55; In this Agreement the following words and expressions shall have the following meanings:-
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Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories
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Recurrent Expenditure means any expenditure on the establishment, conduct,
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Recurrent Expenditure means expenditures that are not capital expenditures, and includes normal overhead and administrative expenses, purchases of non-capital goods, personnel
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