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Full Funding / Fully Funded
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The fully funded reserve includes both the progressive reserve and any backlog that may have accumulated. A fully funded reserve is equivalent to the progressive reserve but only if there is no catch-up reserve (ie., reserve backlog).
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Fig
1. Funding spectrum extending from underfunded (red zone)
to
full funding
(green zone).Fig. Illustration of full funding relative to a single project Fig. A cash flow that is fully funded over the entire strategic planning horizon. The reserve fund maintains a positive balance in all fiscal years. |
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See also: Compare with: |
Fig. "I. Care", our cartoon character, is trying to raise funding levels quicker than the owners can sustain. |
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