Significant Variance definition

Significant Variance means an occurrence where the magnitude of the variance is such that the individual responsible for the expenditure would reasonably be expected to know the reason for the variance and take corrective measures. No absolute dollar value is provided to define significance because the significance of a variance is largely a matter of judgment;
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Significant Variance means, as applicable:
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Significant Variance means a notable difference, or a repeat Minor Variance between the actual measure of the level of Service and the Performance Target which may lead to a material change in Costs or non-compliance with regulatory requirements.
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Examples of Significant Variance in a sentence

  • A variance analysis is provided within Attachment (e) titled Significant Variance Analysis.

  • Timing variations are mainly responsible for the variances included in the above, an analysis is provided within Attachment(e) the Significant Variance Analysis.

  • Significant Variance from the 2011-2012 Work planThe YLUPC generally completed its 2011-2012 Work plan.

  • Enter the result on Line 13b.4.Line 13c – Significant Variance Amount.

  • Deviant, norms and punishment on individuals Deviant behavior refers to actions or behaviors that violate social norms, cultural expectations, or moral standards.

  • When the monthly report is provided to the PCWG, the PCWG will review all Applicable Projects that have been identified as having a Significant Variance.

  • Significant Variance Variance ReportingMajor Expenditure Category+/- $25,000 and +/- 10%Service Data+/- 10% and +/- 10 ChildrenService Target Data+/- 10% and +/- 10 ChildrenPAYMENT‌ Budget Schedule The Budget Schedule identifies the ministry’s allocation to CMSMs and DSSABs. Generally, the allocation is divided into 12 payments.

  • Significant Variance Variance ReportingMajor Expenditure Category+/- $25,000 and 10% 4 The special purpose audit report will allow for the independent verification of data reported within EFIS.

  • Significant Variance Variance ReportingFinancial Data+/- $25,000 and +/- 10%Service Data+/- 10% Exceptions to Variance ReportingWhere additional funding is announced following the receipt of the Interim Report submission in EFIS, a modified variance reporting methodology will be introduced to allow CMSMs and DSSABs to report on variances based on the revised funding allocation and increased expenditures.

  • Timing variations are mainly responsible for the variances included in the above, an analysis is provided within Attachment (e) the Significant Variance Analysis.

Related to Significant Variance

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Significant impact means that the proposal is likely to have a noticeable effect on specific section(s) of the community greater than on the general community at large.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Significant emissions increase means, for a regulated NSR pollutant, an increase in emissions that is significant as defined in subsection (pp) for that pollutant.

  • Significant other means that a relationship exists between two people, neither of whom is married, that is intended to remain indefinitely and where there is joint responsibility for each other’s common welfare, there are significant shared financial obligations, and they must be living together in a shared primary residence. This relationship must have existed for at least six (6) continuous months before benefits under this Article may be provided. Employees are encouraged to consult with their agency/department Personnel Officer to determine if they are eligible for benefits available under the Federal Family and Medical Leave Act. A medical examination or doctor's certificate may be required on account of use of sick leave for five (5) or more consecutive workdays, or because of repeated absences on days preceding or days following a holiday or weekend. When a medical examination or doctor's certificate is required on account of use of sick leave in excess of five (5) consecutive workdays, the State shall pay the difference between the cost of obtaining such certificate and the amount covered by insurance.

  • Variance means a grant of relief from the requirements of this chapter which permits construction in a manner that would otherwise be prohibited by this chapter.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Non-significant effect means no substantial change to an environmental component and this no material bearing on the decision-making process.