A raise for Lodi's City Council is much-deserved Mar 17, 2008
girard74 wrote on Mar 15, 2008 1:11 PM:" Observer wrote, 'I also don't believe any elected official should have to spend their own money on City business.' You're absolutely correct. That's why they are reimbursed for actual expenses they incur as a result of their activities as members of the City Council. Legitimate questions, though, are just how is the 'reimbursement' policy implemented? Exactly what is determined to be 'city business?' I am confident that these questions have been resolved... (Lodi News Sentinel, CA)
Timing OK for raise? Mar 15, 2008
Being reimbursed for actual expenses precludes their concern about having to dip into their own money. Is it really about the 'time' they donate. (Lodi News Sentinel, CA)
An explanation of CAVIT Mar 7, 2008
Two years ago, the state Legislature changed the law, eliminated the 60-40 split and required the JTEDS, as the joint technological education districts are known, to only reimburse the high schools for actual expenses. The high schools could no longer save their funding from year to year. (Casa Grande Valley Newspapers, AZ)
Lois DeBerry tops 2007 per diem list Mar 4, 2008
Dick Williams of Common Cause, a group that advocates for stronger ethics and open government laws, said some per diem payments to legislators kind of raises your eyebrows and that payment for actual expenses might be fairer to everybody. On the other hand, their salary is kind of low and if they are doing extra work, they may deserve something for it, he said. (Columbia Daily Herald, TN)
Legislators say low pay makes serving a financial burden Feb 16, 2008
Members are reimbursed for actual expenses of transportation, lodging and meals when traveling on official business. The unicameral, bipartisan Legislature meets 90 days in one year and 60 days in the second year. (Rapid City Journal, SD)
Trauma centers grapple with money shortages Feb 10, 2008
This doesn't cover much of the actual expenses, causing a funding shortage and fewer doctors and hospitals willing to treat trauma patients, according to a report submitted to the Legislature by the Mississippi Trauma Care Task Force. It says the state is suffering a general shortage of physicians, resulting in half of Mississippi's 82 counties being underserved. (Columbus Commercial Dispatch, MS)
City begins budget work Jan 22, 2008
Actual expenses, cost projections and cutting the fat to work toward a balanced budget led commissioners to in-depth discussions and examination of all the departments as they looked for ways to save money. Costs of living raises and potential job cuts were two areas presenting commissioners with complex decisions to make. (Cedartown Standard, GA)
Audit: Abington in good shape Jan 3, 2008
The district s actual expenses were within 99. 9 percent of what was budgeted. (Scranton Times, PA)
Audit: NYRA shorted state $10.9M Dec 9, 2007
State auditors, who estimate NYRA shorted the state more than $50 million since 2000, found that instead of using actual expenses and what are known as Generally Accepted Accounting Principles, NYRA continued to figure its franchise fees based on taxable income. While applauding DiNapoli's attempts to upgrade racing law, Charles Hayward, NYRA's president, maintains the association's accounting method is correct. (Albany Times Union)
NYRA in debt to state Dec 8, 2007
State auditors said NYRA should have used actual expenses, which "comply with generally accepted accounting principles," the audit states. Under its system, NYRA calculated that its 2004 franchise fee was $0; the audit says it was $14. (Buffalo Business First, NY)
149 dogs seized from rescue Dec 4, 2007
Actual expenses incurred through Feb. 28, 2007, were expected to amount to $114,883, according to the signed court order prepared by Chief Deputy Prosecuting Attorney Christopher C. Quasebarth. Another $25,000 was added to the bond for the animals' care for 30 days beyond the Feb. 28 deadline. (Pet-Abuse.com)
Repowering project moves forward Dec 4, 2007
In future meetings the board will have to consider a number of issues including whether there will be a surcharge for unmanned plants, fixed rates, collection for debt service payments of the completion bonds, "trueing up" actual expenses versus collections and rate stabilization and contigency financing. In other business, the Holly plant that was damaged during a tornado earlier this year will, hopefully, be running by next month's board meeting on Thursday, Dec. 27. (La Junta Tribune Democrat, CO)
Local nonprofits are always safe Nov 30, 2007
The Internal Revenue Service is clamping down on televangelists who enjoy lavish lifestyles from their supporters, instead of using the donations for the actual expenses of their ministries. Seniors are especially vulnerable to money-raising appeals. (Florida Times-Union)
Bequest leaves estate of confusion Nov 23, 2007
For instance, in court documents they say, $180,000 was put in Lehman's office account with the notation, "reserve for future Lucom estate expenses." They argue he shouldn't have put money into his office account before the actual expenses were incurred. In addition, they claim, much of the money was used to pay legal expenses that had nothing to do with Lucom's Florida estate. (The Palm Beach Post)
Judge Nixes Apple Option-Backdating Suit Nov 22, 2007
While Apple's stock price did not fall as a result of the backdating, the company in December revised its earnings to reflect the actual expenses of its backdated options. Those totaled $84 million after taxes -- including $4 million for its fiscal year 2006. (SmallBusinessComputing)
County expects little revenue growth Nov 16, 2007
626 million actual expenses to 1. 776 million, mostly in salaries. (Harrisburg Daily Register, IL)
Peers help themselves to 300 a day Nov 13, 2007
The payments are currently tax free because they are reimbursement of actual expenses , according to the Lords rule book, rather than a form of salary ... However, Lord Paul and a number of other peers defended the amounts that they claimed, saying that their actual expenses were higher than the maximum that they could claim ... The rule book on the House of Lords website says: All amounts paid in settlement of claims represent reimbursement of actual expenses arising out of unpaid parliamentary... (Times Online)
Lords claim up to £300 a day tax-free Nov 12, 2007
The payments are currently tax-free because they are "reimbursement of actual expenses", according to the Lords' rule book, rather than a form of salary. HM Revenue ms said: "Payment of expenses is a matter for house authorities. HMRC do not comment on individual cases.". (Guardian Unlimited -- UK)
--WND Exclusive-- Oct 24, 2007
The largest reward he worked to pay out was to two individuals who revealed that a health care corporation had been keeping two sets of books, one with the actual expenses and invoices, and a second set assembled to substantiate its "billings" to the government. The government ended up recovering about $641 million that it otherwise would have lost; the reward for the two people was $100 million, which of course they had to split. (WorldNetDaily)
more » Oct 17, 2007
Actual expenses for power and pumping in 2007 were 86 percent lower than 2006, a variance of 200,000 due to decreased repair and maintenance charges for sewer. The costs for four construction projects were listed as: Backbone Ridge tank and pump station ( 1,068,486); SCADA project ( 28,610); airport lines ( 220,604); wastewater expansion ( 5,534,216). (Searcy Daily Citizen, AR)
Foster parent pay low in N.D. Oct 13, 2007
LOADING Oct 13, 2007 - 04:02:00 CDT By BRIAN SKAR Berthold Recently, the Associated Press published a story reporting that pay for foster parents to reimburse them for expenses incurred in the care of foster children is woefully below the actual expenses. Such expenses include food, clothing, school supplies, sports and activity fees, toys, recreation and wear and tear on property. (Bismarck Tribune, ND)
Oglala Sioux councilman detained in drug case Sep 28, 2007
New Travel Policy Needed wrote on Sep 27, 2007 11:13 PM:" The people of the OST should demand that any and all travel by council, executive board and employees, be on a reinmbursement basis. In other words you travel first then you get reimbursed for your actual expenses. Also travelers should get reimbursed an amount equal to an excursion rate on an airline. With a little planning they could have flown to Albuqurque for $220.00 round trip. Instead they got nearly $600.00 each just for mileage,... (Rapid City Journal, SD)
Newth Talks Tax - Tax writer of the year John Newth solves your tax questions Jul 23, 2007
Personally, I would err on the side of caution, and submit claims on the traditional actual expenses basis, with adjustments for private use, but including a proportion of capital allowances. Previous editions. (Accounting Web, UK)
Private School on the Cheap? Jul 22, 2007
The fact is, despite an average sticker price of $30,300 a year for a four-year private college and a significantly lower $12,800 for public, a family's actual expenses at either type of institution are often comparable. Why. (SmartMoney)
Read more. . Jun 30, 2007
The Williston Park District will continue to manage and operate the Williston Indoor Pool for the school district, and the school district will pay for 100 percent of the actual expenses, less revenues. The Park District will continue to provide administration and full-time park staff as needed (a 30,000 to 40,000 commitment of the parks). (Williston Daily Herald, ND)
Volunteer Mileage Tax Deduction Jun 16, 2007
If using actual expenses: receipts and proof that the costs accrued were directly related to a charitable purpose. Receipts for any additional costs, such as tolls and parking. (Suite101.com)
Robbins Budget in Crisis Jun 3, 2007
"Actual expenses (in the water and sewer fund) were $731,158 for the fiscal year ending June 30, 2006," he said. "Total expenses for the current fiscal year are expected to be $511,696 -- a total expense reduction of $219,462 in less than one year.". (The Pilot Newspaper)
School Board approves plan for two new schools May 31, 2007
If the actual expenses exceed the yearly income, the amount will be taken out of the reserve in the general fund. The school board had to approve a tentative working budget before May 30. (Shelbyille Sentinel-News, KY)
U-turn on hotel and guest house board and lodgings adjustments May 19, 2007
BackgroundThere was considerable concern within the hospitality industry, accompanied by accusations of more "ill-thoughout meddling" when HMRC announced in May 2006 that hotel and guest house owners should have to calculate their add-backs in the conventional method (apportionment of actual expenses in terms of metered private use) for the 2005/06 tax year. That year had of course had already ended by the time that this policy change was announced. (Accounting Web, UK)
County attorney responds to recent OCTA attacks May 13, 2007
That is the total payment of $28,000 less actual expenses. For the 2007-2008 fiscal year, because I agreed not to accept an Osceola county raise of $1,769 if I continued to do O'Brien county work, the net profit to Osceola county will be $8,294. (Ocheyedan Press Melvin News, IA)
gyaku: Accenture, JAPAN-VISIT Apr 24, 2007
cover at most 1% of the actual expenses expected to be incurred in the project. Despite this rather curious discrepancy, the investigation concluded that, based on "know-how and accumulated overseas institutional experience", Accenture Japan Ltd. was "capable of carrying out the operations for the price proposed" [4. (Zmag.org)
Last-minute tips that can save big bucks Apr 21, 2007
But if the business portion of your actual car expenses is more than this allowance, you can choose to include the allowance in your income and then deduct your actual expenses which will leave you better off. Your employer will have to sign Form T2200, and you'll need to file Form T777 with your tax return. (Globe and Mail -- Business)
Does My Small Business Need Overhead Expense Insurance? Apr 12, 2007
Usually, the business owns the policy and the business generally is paid back for actual expenses if something happens to that critical employee, often after a waiting period. Overhead Expense is a transitional type of coverage which generally lasts for 12-24 months while the individual either recuperates and returns or is replaced. (Variety)
Deduct Your Commuting Costs Apr 12, 2007
If you commuted between your home office and work locations by car, you can write off the actual expenses (including depreciation) or claim the standard business mileage allowance (44. 5 cents a mile for 2006). (SmartMoney)
County one of 42 looking at new jails Apr 8, 2007
However, the county coordinator also pointed out both proposals fall far short of actual expenses incurred by counties to house the state s prisoners. Because counties must also pay for prisoners medical expenses while incarcerated, there is a health issue that counties must also face, according to Hillier. (Austin Daily Herald, MN)
Timminco Announces 2006 Results Mar 30, 2007
These payments were re-imbursements of Safeguard's actual expenses incurred. In 2004, the Corporation made loans of $472,000, $133,000 and $500,000 to executives of the Corporation to assist in relocation. (CCNMatthews Press Releases)
Avon CEO Jung receives total compensation valued at $9.77 million Mar 24, 2007
Other compensation totaled $147,993 and included up to $15,000 per year for financial planning and tax preparation; and actual expenses paid for car services of $39,897. The bulk of Jung's compensation came from stock and option awards that had a value of $4. (San Diego Union-Tribune -- Business)
Boomers Beware: Calculating Your Retirement Nest Egg May No Longer Be Easy Mar 15, 2007
But many Boomers are affluent enough to pay their bills without a strict budget, so they may be uncertain of their actual expenses as they head into retirement. One handy tool is to create an "expense diary" by recording every expenditure for 90 days-a long enough period to capture both regular and irregular expenditures. (PR Newswire)
SLOTA GIVES CITY COUNCIL REPORT REGARDING AUDIT RECOMMENDATIONS Mar 8, 2007
Biggs is supposed to pay for actual expenses during the nine uncovered hours. The method of charging these costs is the substance of the dispute. (Gridley Herald, CA)
Tourism tax committee approves two requests, delays one Feb 23, 2007
During discussion Norville Ritter stated the event cost approximately $12,000 in actual expenses. This year the only city expense will be in use of equipment. (Alva Review Courier, OK)
For deductions, look deeper at home business Feb 18, 2007
If you have been meticulous about keeping receipts for everything from gasoline to insurance and lease payments, you might have a better deduction by using actual expenses rather than the mileage deduction. With this detailed approach, you would also claim depreciation on the car based on the proportion of business use. (Chicago Tribune)
Avoiding family feud over college kid Feb 13, 2007
Assuming reimbursement for non-client meals isn't available, you can use either the per-diem rate or the actual expenses and include such amounts as unreimbursed business expenses on tax returns. There are a few additional details to consider. (Sunspot.net -- Business)
States' expense on bureaucrats, poll-time sops on CAG radar Jan 27, 2007
NEW DELHI: How much a state spends on its babudom and on subsidies doled out in the form of sops announced during election time will now be known as all state governments have been asked to provide actual expenses incurred under such heads. The Comptroller and Auditor General (CAG), which prepares accounts of states, has been leveraging the data available through the accounts of states and will provide statement of subsidies, expenditure details on salaries and pensions, including details of... (India Times, India -- Community News)
Dismal, Dreary Democrats Jan 26, 2007
"College tuition rates are off the charts," he says, confusing sticker prices with actual expenses. Statistics on "tuition per full-time equivalent" measure what colleges receive, not what students pay, including all tuition paid by third parties, such as Pell grants. (Human Events Online)
IRS tips on late changes Jan 16, 2007
If you are claiming actual expenses, you'll also have to attach Form 8913. There is also a line for claiming the credit on Form 1040A, 1040EZ and 1040NR.. (San Francisco Chronicle -- Business)
