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That award is based on budgeted free cash flow performance; the shares, based on the closing price on grant day, vest conditionally every year.
According to the complaint, that information included duplicate claims for utility costs, overstatements of housekeeping expenses based on budgeted instead of actual costs, and requests for reimbursement for unallowable expenses relating to entertainment.
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They said they were stunned when Ms. Medina said the district was making student placement decisions based on budget concerns.
Decisions about expanding a guest list to include guests of guests are often based on budget, space and numbers.
Con Edison charges customers based on budget estimates reviewed by the Public Service Commission when it last set the utility's rates in 2000.
The combination of less spending and more revenue would lower the deficit, based on budget accounting rules, and extend the life of the Medicare trust fund.
The truth is that the US financial position – our debt, and how much money we have – is not based on budgets and deficits.
In his 1993 book "The Merritt Parkway," Bruce Radde, an author and art historian, writes that use of the open steel grid for the deck construction was a decision based on budget.
But financial markets and many E.U. officials do not believe Mr. Papandreou can achieve that, based on budget plans announced so far, and are pressing Athens to make deeper spending cuts.
However, in a real world, this could be decided based on budget availability.
Approaches based on budgeting are unsuitable, as far as they do not allow for cash flow balancing between the time periods of the planning horizon.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com