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Topic: Proration


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In the News (Wed 23 Dec 09)

  
  law.com - Decision
Roman argues, is that imputed service is not part of the proration calculation at all, and the period of imputed service should not be included in either the numerator or the denominator of the proration fraction.
That would be an extraordinarily high proration fraction for an employee who spent half of her career working half time, and it would be a much higher fraction than the proration fraction that would be produced by either Mr.
Proration factor means a fraction expressed as a percentage rounded to the nearest percent.
www.law.com /jsp/decisionstate.jsp?id=1024079078105   (3635 words)

  
 Panel Study of Income Dynamics
Part B: Prorating Income As mentioned above, income received by an OFUM is only counted for the portion of the year that he or she was a member of a PSID family unit because we wish to match prior calendar year income with the family's needs during that same time period.
Proration factors were calculated for each type of income reported, as each could have been received in a different portion of the year.
Proration factors compared the months in which an income was received with the months in which an individual lived in the family.
psidonline.isr.umich.edu /data/Documentation/93oid.htm   (12501 words)

  
 John Tuteur Napa County Assessor,PRORATION OF PROPERTY TAXES — SHARING THE BURDEN
Proration by period of ownership will occur, as an example, with the sale of a residence on February 23 of a given year.
In a lease situation the proration is not handled automatically and is determined by the terms of the lease.
An example of proration by acreage and value category is when the owner of a 40 acre parcel on which is located, leases 26 vacant acres, which are plantable, to a winery for vineyard purposes for a term of less than 35 years.
www.napayellowpages.com /tuteur/proration.htm   (737 words)

  
 DMBA - Long and Short Tax Proration
Usually, when the purchasers receive the first tax bill in their new residence, they discover it is for a time period way before they purchased the property and subsequently feel something was mishandled with the tax proration at closing.
Proration using the Montgomery County method is referred to as the "short" proration.
The difference is that in the short proration, the number of days does not correspond to the actual days (it's shifted six months in arrears).
www.daytonmortgagebankers.com /consumers/taxproration.html   (729 words)

  
 : SI 02005.008 - Proration After Period of Ineligibility - 09/10/2001   (Site not responding. Last check: 2007-10-08)
Proration applies when eligibility is reattained on a date other than the first day of a month.
Proration does not apply when a recipient eligible for only a Federal payment (including recipients who are eligible but due no payment) becomes eligible for an OSS payment.
If he/she leaves the institution on 2/25, the benefit for February is not prorated because he /she was not ineligible in January; i.e., was not in a public institution throughout a month.
policy.ssa.gov /poms.nsf/lnx/0502005008   (615 words)

  
 Alabama Tax Watch   (Site not responding. Last check: 2007-10-08)
Despite this, and despite the fact that tax revenues continued to drop after the proration took effect, the Legislature approved a fiscal year 2002 budget that was actually 4.6% larger than the previous year's.
Despite the 2001 proration and the dropping revenue figures, the General Fund budget increased by 4.6% from the 2001 to the 2002 fiscal year.
State education spending was prorated by more than 6%, which resulted in a continuing dialogue on education funding methods, tax reform, and constitution reform.
www.alabamataxwatch.homestead.com /ProrationProposal.html   (4381 words)

  
 Department of Revenue: Property Tax Proration of Tax for Fire or Act of God
The reduction is referred to as a “proration of tax” and is computed by the county tax collector.
The account would not receive a proration of tax on the $20,000 for which no taxes were computed in the first place.
If you do not do so then, or if you did not file an application for proration of tax, you may still file a separate application to have a July 1 value determination date as long as you do it by August 1 of the calendar year in which the damage or destruction occurred.
www.oregonsurplus.com /DOR/PTD/IC_303_619.shtml   (1228 words)

  
 [No title]
Proration occurs when the expenditures to be made exceed the revenue source from which they are to be paid.
If additional funds are needed to prevent proration, they may be withdrawn from the Account and placed into the Education Trust Fund, but only as permitted pursuant to section 40-1-32.1 of the Code of Alabama, which creates the Account and restricts the release of funds deposited therein.
When the budget is in proration or when making a conditional appropriation absolute would place the budget into proration, the condition upon which the appropriation was made (the availability of funds) cannot be satisfied and the conditional appropriation cannot, therefore, be made absolute.
www.ago.state.al.us /opinions/99-00137.doc   (349 words)

  
 : DI 52001.555 - Prorating a Workers’ Compensation/Public Disability Benefit (WC/PDB) Lump Sum - 05/16/2001   (Site not responding. Last check: 2007-10-08)
If method of proration is “S” on the WC02 screen, EC will decide the most advantageous method of proration A, B, or C. Prorate the LS manually on the reverse of the SSA-2455 if the LS cannot be prorated through ICF or MCS EC.
To prorate Method C, reduce the LS by the amount of excludable expenses prior to the proration.
Prorate the expenses by the weekly WC/PDB rate determined per DI 52001.555 C.4.
policy.ssa.gov /poms.nsf/36f3b2ee954f0075852568c100630558/baf597f67308e13885256e31006676a4?OpenDocument   (1929 words)

  
 proration- Sepola Search 2005   (Site not responding. Last check: 2007-10-08)
Proration continues to plague Alabama schools and, judging from the latest figures and current lack of...
Proration: Agreed-upon percentages of certain expenses associated with a piece of property that must be paid by the...
The proration of truck license plates must be calculated in accordance with the statutory...
www.sepola.com /proration.html   (1245 words)

  
 Opinion #5749   (Site not responding. Last check: 2007-10-08)
The statutory tax proration provision, which is operative upon the conveyance of real property in the absence of any contrary agreement, does not change or alter the calendar year period for the assessment, levy and collection of real property taxes.
provided a statutory method for proration of general taxes on real property acquired for public purposes, such proration to be to the date of closing when acquired by negotiation, or when acquired by condemnation to the date compensation was made or secured.
In fact, the proration provision assumes, for accounting purposes, that taxes are paid prospectively from the levy date or dates rather than for the calendar year in which they are assessed and levied.
www.ag.state.mi.us /opinion/datafiles/1980s/op05749.htm   (1685 words)

  
 Michigan Association of REALTORS®
The purchase agreement for the hotel called for the proration of the property taxes, but did not specify how the property taxes were to be prorated.
The trial court assumed that the method of proration set forth in the statute was the method most commonly used throughout the state.
While the purchase agreement was silent with respect to the method of tax proration, both the buyer and seller at closing signed proration sheets which indicated that they agreed that the amounts set forth in the sheets were the correct proration amounts.
www.mirealtors.com /news/advocate/022004/022004_taxprorat.html   (968 words)

  
 Jacksonville News - Jacksonville reeling from proration's punch
Proration continues to plague Alabama schools and, judging from the latest figures and current lack of movement on the issue in Congress, appears to be on the verge of reaching catastrophic levels for many of the state’s school systems.
While local schools have not appeared to suffered as greatly as some of their neighboring school districts, at least not from a glance at surface level, the truth of the matter is that the future here is just as uncertain as it is everywhere.
He is hopeful that proration will not come again, but admits they heard all this last year and nothing changed.
www.jaxnews.com /news/2003/jn-localnews-0417-searp-3d17m2859.htm   (1770 words)

  
 15-24-303. Proration of tax on personal property -- refund.   (Site not responding. Last check: 2007-10-08)
(1) The tax on personal property brought, driven, coming into, or otherwise located in the state on or after the assessment date must be prorated according to the ratio that the remaining number of months in the year bears to the total number of months in the year.
(2) If property upon which taxes have been paid is removed from the state, the taxpayer may obtain a refund of a prorated portion of the taxes, subject to the requirements of 15-16-613.
This section does not apply to motor vehicles taxed under Title 61, chapter 3, part 5, or to livestock subject to the per capita levy under 15-24-921.
data.opi.state.mt.us /bills/1999/mca/15/24/15-24-303.htm   (236 words)

  
 BAL 01-321, Effective Date of FEHB Open Season Elections -- Proration Required after One-Year Delay
Thus, ALL agency payroll systems must be capable of initiating the proration of FEHB withholdings and contributions for the pay period that includes January 1, 2003, in accordance with the methodology outlined in BAL 01-319.
FEHB withholdings and contributions must be prorated for the pay period that includes January 1, 2003 and subsequently when January 1 is not the first day of the first pay period beginning in January.
We wish to thank all agencies who had prepared to prorate withholdings and contributions for January 2002 and regret the inconvenience this change in policy may have caused them and their payroll offices.
www.opm.gov /asd/htm/2001/01-321.htm   (380 words)

  
 Title 36 - §1495. Proration of registration -- Article IV
All fleet pro-rata registration fees must be based upon the mileage proportions of the fleet during the period of 12 months ending on August 31st next preceding the commencement of the registration year for which registration is sought.
The application for proration of registration must be made in each contracting state upon substantially the application forms and supplements authorized by joint action of the administrators of the contracting states.
The owner shall register such bus in each contracting state in like manner as provided for buses listed in an original application and the registration fee payable must be determined on the mileage proportion used to determine the registration fees payable for buses registered under the original application.
janus.state.me.us /legis/statutes/36/title36sec1495.html   (337 words)

  
 Proration
Proration is the process of cutting programs when revenues fall short of expectations.
It is important to remember that the proration is based on your total grant amount not on the balance owed.
Under various plans being considered by the Courts, there is a slight possibility that the amount of proration could be greater than 12%; however, that is not anticipated at this time.
www.arts.state.al.us /news/proration.htm   (671 words)

  
 [No title]
The trial court found that the proration sheets did not establish such an agreement, because there was a mutual mistake of fact as to the correct amount of taxes (that being the amount determined by the statutory method) and thus the court entered summary judgment for Chicago Title against the buyer.
The Michigan Court of Appeals concluded that the execution of the statement on the proration sheets was an agreement electing out of the statute.
The court stated that, absent the proration sheets, there was no other understanding that the parties had reached concerning taxes, so it is impossible to say that they were under the mutual mistaken belief that the stipulated taxes were computed by the wrong method.
dirt.umkc.edu /DEC/120403.txt   (971 words)

  
 Digital calibration for analog-to-digital converters with implicit gain proration - Patent 5977894   (Site not responding. Last check: 2007-10-08)
The present invention recognizes that this "gain proration" is not necessary as part of the calibration, but rather that it can be "built in" to the device mismatch corrections.
The explicit gain proration required by the prior art can be performed implicitly if the proper starting point is chosen and, in some architectures, if symmetry in the digital-to-analog converter transfer curve is utilized.
This process is called gain proration in the prior art because the gain error, J(.alpha.), which is constant, is prorated across the MDAC range by.alpha..
www.freepatentsonline.com /5977894.html   (2825 words)

  
 Realty Times - Real Estate News and Advice
The appropriate credit and debit to Buyer and Seller are handled by prorations, or dividing up the income or expense items according to a specified date, usually the closing date.
Prorations can have a significant effect on the amount of cash a buyer needs to come up with in order to close escrow.
Rental income and security deposits are normally prorated as of the date of the close of escrow.
realtytimes.com /rtnews/rtcpages/19990723_prorents.htm   (430 words)

  
 Kansas Statute 74-712: Worker's compensation law, expense of administration; estimate; determination by legislature; ...   (Site not responding. Last check: 2007-10-08)
Kansas Statute 74-712: Worker's compensation law, expense of administration; estimate; determination by legislature; proration among insurance carriers, self-insurers and group-funded workers' compensation pools; duties of director.
(b) the carrier's share of expense, as determined in subparagraph (a) hereof, shall be prorated among the insurance carriers writing workers' compensation insurance in the state, self-insurers and group-funded workers' compensation pools.
The director shall determine the total amount of benefit payments made pursuant to the workmen's compensation act, paid out as a result of injuries received in the state of Kansas for the immediately preceding calendar year, and the director's determination shall be conclusive.
www.lesterama.org /KS/Chapter_74/statutes/74-712.html   (218 words)

  
 Proration
If proration truly charged the guilty students, then one could assume that there are close to 20,000 students at Illinois State that either vandalizes or steals.
Proration is something that is supposed to put an end to destruction and theft of school property.
The people that proration does punish all too often are the people that have nothing to do with the destruction of the property in what they call home.
www.ilstu.edu /~pjschin/Proration.html   (1663 words)

  
 Part 3: The Offset Calculation/Proration Methods Law Office of Angelo Paul Sevarino Attorneys Windsor Connecticut
SSA is required to use the method most advantageous to the Claimant (and this includes the calculations which may affect auxiliary beneficiaries) unless the Stipulation language specifies the manner in which expenses are to be deducted, in which case, there is no option as to which method is most advantageous.
Under this method the expenses are prorated by the weekly workers' compensation rate or on the apportioned rate on which the stipulated settlement is based.
The most common technique for reducing the workers' compensation offset is to draft the Stipulation to indicate that the stipulated settlement amount is to be spread out over the rest of the Claimant's actuarial life span (not his or her work life expectancy).
sevarino.lawoffice.com /Articles_3.shtml   (7596 words)

  
 Iatric Systems, Inc. - NPR & Other Services - I-Online Learning - I-Online B/AR Proration Rules Schedule
This course is designed for anyone who is interested in learning about B/AR Proration Rules and anyone who needs to write and/or maintain the rules.
She has been writing B/AR Proration Rules since 1993 and has developed hundreds of rules ranging from simple to very complex.
She has taught Proration Classes on-site at many facilities across the country and has taught the course at both regional and international MUSE events over the past several years.
www.iatricsys.com /npr/proration.asp   (441 words)

  
 Michigan Legislature
In addition, for districts beginning operations after 1994-95 that qualify for payments under section 22b, payments under section 22b shall be made so that the qualifying districts receive the lesser of an amount equal to the 1994-95 foundation allowance of the district in which the district beginning operations after 1994-95 is located or $5,500.00.
This reduction shall be made by calculating an equal dollar amount per pupil as necessary to recover this percentage of the proration amount and reducing each district's total state school aid from state sources, other than payments under sections 11f, 11g, 11j, 22a, 26a, 31d, 51a(2), 51a(12), 51c, and 53a, by that amount.
(c) The department shall recover a percentage of the proration amount required under subsection (3) that is equal to the percentage calculated under subdivision (a)(ii) for intermediate districts by reducing payments to intermediate districts.
www.legislature.mi.gov /mileg.asp?page=getObject&objName=mcl-388-1611   (708 words)

  
 Legislators ponder proration solutions - ALFA Farmers Federation
The House approved one of the governor’s bills to address proration of the state’s education budget.
When Siegelman announced proration Feb. 2, he first proposed cuts of 6.2 percent to the education budget.
If higher education were forced to absorb the majority of proration, officials at Auburn University say the results would be devastating.
www.alfafarmers.org /leg_newsletter/index.phtml?id=1917   (1213 words)

  
 [No title]   (Site not responding. Last check: 2007-10-08)
The amount of the adjustment depends on whether the school is using the proration codes.
If proration tables are in use, the fee adjustment will be made based on the number of weeks the student was enrolled in each course.
If proration tables are not in use then the full amount of the fee will be credited upon withdrawal.
www.treca.org /staff/mattp/Fees.doc   (1613 words)

  
 Auburn University Senate Minutes   (Site not responding. Last check: 2007-10-08)
However, we have simultaneous events occurring because right after the governor declared proration, several K-12 schools issued a suit, the basis of that suit being that K-12 education is essential to the state of Alabama, therefore it must be exempt from proration.
If the BOT had diversity of thought and mind and were a visionary bunch like many other BOT’s around this country, they would have spent the majority of their lengthy terms looking for adequate funding for AU and lobbying the legislature on our behalf instead of micromanaging the administration, the faculty, and the athletic program.
It was my thoughts at the time that with what the University was facing knowing of proration and the lawsuit (which we had some advance notice of), losing that lawsuit would be catastrophic for Auburn University.
www.auburn.edu /administration/governance/senate/February21,2001minutes.htm   (13889 words)

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