Lack of Funds
means the District has a current or projected deficiency of funding to maintain its current or sustain projected levels of staffing and operations.
Lack of Funds.
Means an appointing authority has a current or projected deficiency of funding required to maintain current, or sustain projected levels of staffing and operation.
Lack of Funds
means the Employer has a current or projected deficiency of funding to maintain current, or sustain projected, levels of staffing and operations. Whenever a program receives funding through a grant or similar mechanism, a lack of funds shall be presumed for the positions assigned to and the employees who work under the grant or similar mechanism if, for any reason, the funding is reduced or withdrawn.
Examples of Lack of Funds in a sentence
Termination Because of Lack of Funds: In the event funds to finance this contract become unavailable, the Department may terminate the contract upon no less than 24 hours’ written notice to Provider.
Termination Because of Lack of Funds: In the event funds to finance this purchase order become unavailable, the Department may terminate the purchase order upon no less than 24 hours’ notice in writing to the Contractor.
Lack of Funds of the Owner - Lack of funds shall be construed to mean when the Owner, in the judgment of its Chief Financial Officer, determines that it cannot continue the funding of its contract services, without undue hardship to the Owner.
If your request for an Unarranged Overdraft is refused, the payment will be refused due to a lack of funds and you may have to pay a Refusing A Payment Due To Lack of Funds Fee.
Public Defender Copes with Lack of Funds; Cuts in State Reflect P.D. Problem Nationwide, 30 NAT’L L.J., June 30, 2008, at 6.
More Definitions of Lack of Funds
Lack of Fundsfor purposes of layoff, means that the appointing authority has a current or projected deficiency of funding to maintain current levels, or to sustain projected levels, of staffing and operations. The appointing authority is not required to transfer money between funds in order to offset a deficiency or projected deficiency in funding for staffing and operations; “lack of funds” may be presumed by the appointing authority upon reduction or withdrawal of funding for any program dependent upon state of federal grant or similar funding mechanism. Determination of such a condition and notification procedure shall be made in accordance with Ohio Revised Code Section 124.321 (A) and (B).
Lack of Funds
means the School District has a current or projected deficiency of funding in the amount of at least $250,000 as certified by the State Auditor for the ensuing year to maintain current, or to sustain projected levels of staffing and operations. In making such reduction, the Board shall proceed to suspend contracts in accordance with the recommendation of the Superintendent/designee. The following provisions shall also apply:
Lack of Funds
is defined to mean a current deficiency of funding necessary to maintain current operations. When it is determined that a reduction in staff is necessary within a classification, department, or building, temporary, seasonal or new employees in an initial probationary status shall be laid off first. The job classifications/positions recognized in Article 3, Recognition, 3.1 will be used in the event of reduction of classified employees, layoffs, displacement, job elimination and/or recall. For layoff, displacement, and recall purposes, the job classifications/positions are organized into the following classifications and classification series: Bus Drivers Maintenance Nurse’s Assistant Head Maintenance Maintenance Cafeteria Mechanic Paraprofessional Head Xxxx Head Mechanic Assistant Head Xxxx Mechanic Xxxx Custodial Monitor Secretarial Personnel Head Custodian Bus Monitor* Custodian Cafeteria Monitor* CLC/XXXX* Crossing Guard * The classifications within the Monitor classification series marked with an asterisk are considered one classification for layoff, displacement and recall purposes.
Lack of Funds
means an appointing authority has a current or projected deficiency of funding
Lack of Funds
means an appointing authority has a current or projected deficiency of funding to maintain current, or to sustain projected, levels of staffing and operations.” Further, R.C. 124.321(D) provides:
Lack of Funds
means an appointing authority has a current or projected deficiency of funding to maintain current, or to sustain projected, levels of staffing and operations. A “lack of work” means an appointing authority has a current or projected decrease in workload that requires a reduction of current or projected staffing levels in its organization or structure.
Lack of Funds
means that there is a current or projected deficiency in the funds to maintain current or projected levels of staffing and operations.
As an expert in organizational finances and legal terminology, my extensive knowledge in this field is backed by a thorough understanding of various concepts related to funding, staffing, and operations. This expertise is demonstrated by my ability to analyze and interpret the language used in legal documents, such as the excerpts provided.
In the context of the articles, the recurring theme is the concept of "Lack of Funds," which refers to a current or projected deficiency of funding to maintain existing or projected levels of staffing and operations within a given organization. Let's break down the key concepts used in the provided excerpts:
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Lack of Funds Definition:
- Lack of Funds is consistently defined as a current or projected deficiency of funding necessary to maintain current or sustain projected levels of staffing and operations.
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Presumption in Case of Funding Reduction:
- In some instances, lack of funds is presumed when funding for a program is reduced or withdrawn, especially when the funding is received through grants or similar mechanisms.
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Termination Clauses:
- The articles include clauses related to termination due to a lack of funds. If funds become unavailable, the contracting party may terminate the contract or purchase order with a specified notice period.
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Financial Certification:
- In specific cases, lack of funds is certified by the State Auditor for a certain amount, indicating a minimum deficiency required for the lack of funds to be applicable.
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Decision-Making Authority:
- The determination of lack of funds is often linked to the judgment of the appointing authority or the Chief Financial Officer of an organization.
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Reduction in Staff:
- Lack of funds may lead to a reduction in staff, and there are defined procedures for selecting positions or employees to be laid off in such situations.
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Categorization of Job Classifications:
- Job classifications are organized into specific categories for layoff, displacement, and recall purposes based on criteria such as initial probationary status, type of employment, and specific classifications within the organization.
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Legislative References:
- The provided excerpts make reference to legal codes and sections, such as the Ohio Revised Code Section 124.321, which outlines the procedures and conditions related to lack of funds.
In summary, the concept of "Lack of Funds" encompasses financial deficiencies that may impact staffing and operations within an organization, and the articles provide a comprehensive understanding of the legal and procedural aspects associated with this issue.
