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)
Restricted income means income that may only be expended for specific limited purposes that would be reimbursable according to the contract. 5 CCR 18068
Restricted income means income which the donor designates may only be expended for specific limited purposes that are reimbursable according to the contract.
More Definitions of Restricted income
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).
Restricted income means income which may only be expended for specific limited purposes.
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.
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.