Restricted income definition

Restricted income means income which the donor designates may only be expended for specific limited purposes that would be reimbursable according to the contract. 5 CCR 17700(bd)
Sample 1Sample 2Sample 3
Restricted income means income that may only be expended for specific limited purposes that would be reimbursable according to the contract. 5 CCR 18068
Sample 1Sample 2Sample 3
Restricted income means income which the donor designates may only be expended for specific limited purposes that are reimbursable according to the contract.
Sample 1Sample 2Sample 3

Examples of Restricted income in a sentence

  • Restricted income is included in the restricted income and expenditure account when receivable.Where the donor requires the sum to be invested to provide income for the Trust’s purposes, it is treated as an endowment gift.

  • Restricted income refers to funds given subject to conditions imposed by the donor or implied by the nature of the appeal.

  • Restricted income is available for expenditure in accordance with the purpose specified by the donor.

  • Restricted income funds are funds subject to specific restrictions imposed by donors or by the purpose of the appeal.

  • Restricted income can only be used for the specific purpose for which it was donated.

  • Investment income earned on Endowment Fund and Restricted Fund resources are recorded in the appropriate Fund according to the restrictions mandated.Real estate, royalty and miscellaneous income, as follows, are recorded when received or receivable, if the amount to be received can be reasonably estimated and collection is reasonably assured:• Unrestricted income is recorded in the General Fund.• Restricted income is recognized as revenue of the appropriate restricted fund.

  • Restricted income is reported as increases in net assets with restrictions.

  • Restricted income funds are those where the capital and interest may be spent in accordance with the donor’s wishes or the trust Deed.

  • Restricted income is credited to the Income and Expenditure Account when received and is subsequently transferred to the appropriate reserve.

  • Restricted income is deferred only when this relates wholly to a future period, as specified by the funder.


More Definitions of Restricted income

Restricted income funds - unspent income that was given for a specific purpose or in response to a specific appeal and which will be used for that purpose. - Permanent endowment funds - funds given which must be held permanently as part of the capital of the organisation and cannot be converted into income. The donor may also specify in what way the income generated from the endowment must be used. - Expendable endowment funds - these funds must be held as part of the capital of the organisation unless or until the Trustees exercise their power to convert the endowment into expendable income. The Trustees, working with staff, may be seeking to build an endowment fund, through fundraising and other means, that will enable the organisation to generate a stated percentage of the annual financial resources it requires from income from the fund. - General funds - these 'surplus resources' are not immediately needed to finance operations and can be freely deployed at the discretion of the Trustees. - Designated funds - these unrestricted funds have been designated or allocated for a particular purpose by the organisation itself; they remain at the discretion of the Trustees (general funds set aside for a special purpose). The organisation has designated four reserves: · Base reserve - an amount equivalent to three months' budgeted expenditure on recurring activities (including grants, capacity building, fieldwork and all other operational activities). This base reserve is designated to enable the organisation to absorb temporary downturns in fundraising, or in the value of the organisation's investments, without having to reduce programme expenditure. · Property fund - this designation represents the extent to which funds are invested in property and are therefore not available for any other purpose. · Fixed asset reserve - an amount equal to the net book value of the fixed assets owned by the organisation (excluding land / buildings) and is therefore unavailable for any other use. · Sustainability reserve - funds that are set aside to enhance the longer-term financial sustainability of the organisation. This reserve is not used to fund shortfalls in current expenditure as the capital is protected. The income arising from the reserve is reinvested unless the Trustees agree that, in specific circumstances, it can be used for operating costs.
Sample 1
Restricted income means Escrowed Funds and Operating Cash Flow ----------------- for any Semiannual Period remaining after giving effect to the payments specified in clauses (i), (ii), (iii), (iv) and (v) of Section 6.13(a).
Sample 1
Restricted income means funds that are required by the funding source to be used to purchase certain goods or services or to pay for certain expenses. They may be in the form of grants or donations.
Sample 1
Restricted income means income which may only be expended for specific limited purposes.
Sample 1

Related to Restricted income

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Restricted Business has the meaning set forth in Section 6.10(a).

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Restricted Information means any information which is disclosed to one party to this Agreement by the other pursuant to or in connection with this Agreement (whether orally or in writing, and whether or not such information is expressly stated to be confidential or marked as such);

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Borrower.

  • Restricted Debt has the meaning set forth in Section 6.04(b).

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—