Mentions of “SURPLUS” — 3 found on pages 11, 18, 22
… of payroll expenditures during the period from July 1 st through October 15 th of the subsequent fiscal year, with a surplus equal to one month’s local portion of expenditures after adjusting for 75% equalization funding (referred to as Divis …
Open p.11 ↗… rves met the minimum set by the requirements to fund payroll expenditures in the first three and a half months with a surplus equal to one month’s payroll of the following fiscal year. 6. Analyzed tax revenue reserves at the beginning and …
Open p.18 ↗… t to meet the District’s local payroll obligations during the period of July 1, 2024 through October 15, 2024, with a surplus equal to one month’s local payroll expenditures, as required by 14 Del. C., §1507. The FY 2024 local tax funded …
Open p.22 ↗