The phrase "surplus fund" is grammatically correct and can be used in written English.
It refers to a reserve of money or resources that is left over after all necessary expenses have been paid. Example: The company's annual report showed that they had a surplus fund of $1 million, which they planned to invest in new projects and expansion.
To balance the budget, the state raised its cigarette tax, liquidated its $600 million budget surplus fund, and agreed to issue more than $200 million in debt.
Mr. Giuliani said that the city budget, which he would discuss next week, was in good shape because of conservative revenue estimates, creation of a surplus fund and reduction of short-term debt.
That June, however, the board found that the surplus fund had already been exhausted and could not cover the entire cost of the purchase.
The Rosendale town board initially agreed to the deal the following month, with payment planned to come from a surplus fund.
Beshear countered that the legislature had already authorized $138 million in expenditures from the surplus fund and that his reckoning of the deficit also included $300 million in "additional spending needs".
The town was not legally obligated to hold a referendum, regardless of public sentiment, because the money budgeted for the purchase was not borrowed; board members planned to tap a $340,000 surplus fund, generated by the 2010 sale of town land to the OSI, which intended to allow bouldering on the property.
A positive net cash flow means that the firm will have surplus funds to invest.
The Democrats had long opposed using projected surplus funds to pay for those items.
Mr. Levy said he would rather see any surplus funds spent on services like health care.
So Mr. Forster sent a pleading letter to everyone, anyone, who might have surplus funds.
Any surplus funding should be clawed back the following financial year.
