Florida Regulations 61-5.002: Definitions
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For the purposes of this chapter, the following definitions shall apply:
(1) “”Anticipated costs”” means the projected direct and indirect costs and administrative overhead of a board based upon the current fiscal year‘s legislative appropriation enactment and other anticipated initiatives.
(2) “”Reasonable cash balance”” means a positive cash balance which must exist at the end of each fiscal year, plus and minus the Department’s projections of revenue and expenditures of the board for the next 24-month period.
(3) “”Projection”” means the department’s projected cash balance for a board based upon a board’s projected revenues including license fees, application fees, examination fees, and fines, and the department’s projected anticipated costs for the board.
Specific Authority 455.203(5) FS. Law Implemented 455.219(1) FS. History-New 4-27-94, Amended 8-28-95.
Terms Used In Florida Regulations 61-5.002
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(2) “”Reasonable cash balance”” means a positive cash balance which must exist at the end of each fiscal year, plus and minus the Department’s projections of revenue and expenditures of the board for the next 24-month period.
(3) “”Projection”” means the department’s projected cash balance for a board based upon a board’s projected revenues including license fees, application fees, examination fees, and fines, and the department’s projected anticipated costs for the board.
Specific Authority 455.203(5) FS. Law Implemented 455.219(1) FS. History-New 4-27-94, Amended 8-28-95.