Unassigned funds definition

Unassigned funds means the undistributed and unappropriated amount of surplus remaining on the balance sheet date as the result of all operations of an insurance company from its commencement of business. [PL 1993, c. 313, §9 (NEW).]

Unassigned funds shall have the meaning set forth in Section 3.6(c).

Unassigned funds means the "unassigned funds (surplus)" of 20th Century ---------------- calculated in the manner set forth in the "Liabilities, Surplus and Other Funds" statement, page 3, line 24C of the Annual Statement.

Examples of Unassigned funds in a sentence

• Unassigned funds are determined in accordance with the accounting procedures and practices governing preparation of the statutory annual statement.

• Unassigned funds" means the undistributed and unappropriated amount of surplus remaining on the balance sheet date as the result of all operations of an insurance company from its commencement of business.

• Unassigned funds are used after all other fund balances are expended.

• Unassigned funds shall be targeted at three months of operating expenses.

• Unassigned funds within the General Fund should be at least 20% of the budgeted General Fund expenditures for the year.

• Unassigned funds would be spent last.District-wide StatementsEquity is classified as net position and displayed in three components:€ Net investment in capital assets.

• The General Fund is comprised of Committed, Assigned and Unassigned funds.

• The dollar amount for the Fund Balance Target and the Unassigned funds for the incoming fiscal year shall be identified and approved by the Commission at its April meeting.

• During its annual budget approval process, the Commission may allocate Unassigned funds to programs and initiatives.

• Unassigned funds are those funds in the general reserves available for any legal purpose.