A financial loss allowance is not taxable as income.

That's what you spent over the loss allowance."

A councillor may give written notice to his council that he wishes to receive a financial loss allowance instead of an attendance allowance.

Financial Loss Allowance.

"These new provisions do not represent an addition to specific loss allowances, but instead will increase the company's level of general loss allowances."

Co-opted members of council committees continued to be entitled to a financial loss allowance if they could show loss of earnings resulting from council work.

The government did not accept fully these recommendations but as we have seen they gave councillors the choice between claiming an attendance allowance or financial loss allowance.

Latest year figures included $285 million from reversal of loan loss allowances; the 1988 year figures included $680 million from such reversals.

The latest quarter figures included $54 million from reversal of loan loss allowances; year-ago figures included $211 million from such reversals.

In addition to the attendance or financial loss allowance, a member may also claim travelling and subsistence allowances necessarily incurred by him for the purpose of performing an approved duty.

The Widdicombe Committee proposed a simplification of the existing system by the replacement of the attendance allowance and financial loss allowance with a basic flat rate allowance paid as an annual sum.

The maximum base rent is determined according to a formula calculated to reflect real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value and a vacancy and collection loss allowance.

As set up in the New York City Local Law 30 of 1970, the formula reflects real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value and vacancy and collection loss allowance.

Citigroup said in its filing that the investigation "originated with the company's accounting treatment regarding its investments and business activities, and loan loss allowances, with respect to Argentina" in the fourth quarter of 2001 and the first quarter of 2002.

For these reasons the committee recommended the abolition of the attendance allowance and its replacement by a combination of a basis payment, a financial loss allowance and a special responsibility payment for councillors occupying certain senior positions (Robinson 1977, Vol. 1:45 - 8).