Surplus funds definition

Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

Surplus funds means money which belongs to or is under the control of the local unit and is available for investment, not being required by law or agreement with bondholders to be segregated and invested in a specified manner.

Surplus funds means funding available after the maximum award has been obligated to all recommended applicants in accordance with rule 283—25.3(261).

Examples of Surplus funds in a sentence

• Surplus funds are generally only invested in instruments that are tradeable in highly liquid markets.

• Surplus funds in the title guaranty fund shall be transferred tothe authority’s housing program fund after providing for adequate reserves and for the operating expenses of the division.[ARC 8458B, IAB 1/13/10, effective 2/17/10] 265—9.4(16) Organization.9.4(1) Location.

• Surplus funds generated by the division shall be transferred to the authority’s housing assistance fund after providing for adequate reserves and for the operating expenses of the division.[ARC 2506C, IAB 4/27/16, effective 6/1/16; see Delay note at end of chapter] 265—9.4(16) Organization.9.4(1) Location.

• Surplus funds are placed with licensed financial institutions at the most favourable interest rates.

• BACKGROUND: Surplus funds are invested in Bank Term Deposits for various terms, to maximise investment returns in compliance with good governance, legislative requirements and Council’s Investment Policy No 1.2.4. Details are attached in Attachment 1.

More Definitions of Surplus funds

Surplus funds means funds that are not needed for the immediate short- term cash requirements of the utility.

Surplus funds also referred to as “Carry-Over Funds”, means those Service Tax Funds already collected and disbursed to the Contractor in prior years for the provision of Special Services in the Area which remain unspent, including any interest earned thereon.

Surplus funds means retained earnings of the pool after reserves have been established for all known and incurred, but not reported, losses of the pool after all other liabilities of the pool, including unearned premium reserves, have been deducted from total assets.

Surplus funds means funds in excess of those needed for normal operations in the Clearing House Accounts and the General Accounts, each as referenced in CME Rule 802.B, CBOT Rule 802.B, NYMEX Rule 802.B or any other similar Rule.

Surplus funds means funds in excess of those needed for normal operations in the Clearing House Accounts and the General Accounts as referenced in CME Rule 802.B.

Surplus funds means those funds which are not needed to meet a credit union's members' loan needs and credit union expenses.

Surplus funds means revenues of the district,