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Wiki Wiki Summary
Regulation Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.
Additionality Additionality is the property of an activity being additional by adding something new to the context. It is a determination of whether an intervention has an effect when compared to a baseline.
International Standards on Auditing International Standards on Auditing (ISA) are professional standards for the auditing of financial information. These standards are issued by the International Auditing and Assurance Standards Board (IAASB).
Additional secretary to the Government of India Additional Secretary (often abbreviated as AS, GoI or Union Additional Secretary or Additional Secretary to Government of India) is a post and a rank under the Central Staffing Scheme of the Government of India. The authority for creation of this post solely rests with Cabinet of India.Additional secretary is mostly a career civil servant, generally from the Indian Administrative Service, and is a government official of high seniority.
Expense An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense.
Capital expenditure Capital expenditure or capital expense (capex or CAPEX) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset, such as repairing the roof.Capital expenditures contrast with operating expenses (opex), which are ongoing expenses that are inherent to the operation of the asset.
Independent expenditure An independent expenditure, in elections in the United States, is a political campaign communication that expressly advocates for the election or defeat of a clearly identified candidate that is not made in cooperation, consultation or concert with; or at the request or suggestion of a candidate, candidate's authorized committee or political party. If a candidate, his/her agent, his/her authorized committee, his/her party, or an "agent" for one of these groups becomes "materially involved", the expenditure is not independent.
Tax expenditure Tax expenditures are government revenue losses from tax exclusions, exemptions, deductions, credits, deferrals, and preferential tax rates. They are a counterpart to direct expenditures, in that they both are forms of government spending.
United States House Committee on Oversight and Reform The Committee on Oversight and Reform is the main investigative committee of the United States House of Representatives.\nThe committee's broad jurisdiction and legislative authority make it one of the most influential and powerful panels in the House.
List of countries by research and development spending This is a list of countries by research and development (R&D) spending in real terms and as per latest data available.\n\n\n== List ==\nOnly those nations which annually spend more than 50 million dollars have been included.
Rate of natural increase In Demography, the rate of natural increase (RNI), also known as natural population change, is defined as the birth rate minus the death rate of a particular population, over a particular time period. It is typically expressed either as a number per 1,000 individuals in the population or as a percentage.
History of United States postage rates The system for mail delivery in the United States has developed with the nation. Rates were based on the distance between sender and receiver in the early years of the nation.
Budapest Memorandum on Security Assurances The Budapest Memorandum on Security Assurances comprises three identical political agreements signed at the OSCE conference in Budapest, Hungary, on 5 December 1994, to provide security assurances by its signatories relating to the accession of Belarus, Kazakhstan and Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). The memorandum was originally signed by three nuclear powers: the Russian Federation, the United Kingdom and the United States.
Milk chocolate Milk chocolate is a solid chocolate confectionery containing cocoa, sugar and milk. Chocolate was originally sold and consumed as a beverage in pre-Columbian times, and upon its introduction to Western Europe.
Requirements analysis In systems engineering and software engineering, requirements analysis focuses on the tasks that determine the needs or conditions to meet the new or altered product or project, taking account of the possibly conflicting requirements of the various stakeholders, analyzing, documenting, validating and managing software or system requirements.Requirements analysis is critical to the success or failure of a systems or software project. The requirements should be documented, actionable, measurable, testable, traceable, related to identified business needs or opportunities, and defined to a level of detail sufficient for system design.
Age of candidacy Age of candidacy is the minimum age at which a person can legally hold certain elected government offices. In many cases, it also determines the age at which a person may be eligible to stand for an election or be granted ballot access.
Adverse Adverse or adverse interest, in law, is anything that functions contrary to a party's interest. This word should not be confused with averse.
Water pollution An aqueous solution is a solution in which the solvent is water. It is mostly shown in chemical equations by appending (aq) to the relevant chemical formula.
Financial statement Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand.
Financial law Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Surgery Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery".
Water supply network A water supply network or water supply system is a system of engineered hydrologic and hydraulic components that provide water supply. A water supply system typically includes the following: \n\nA drainage basin (see water purification – sources of drinking water)\nA raw water collection point (above or below ground) where the water accumulates, such as a lake, a river, or groundwater from an underground aquifer.
New York City water supply system A combination of aqueducts, reservoirs, and tunnels supply fresh water to New York City. With three major water systems (Croton, Catskill, and Delaware) stretching up to 125 miles (201 km) away from the city, its water supply system is one of the most extensive municipal water systems in the world.
History of water supply and sanitation The history of water supply and sanitation is one of a logistical challenge to provide clean water and sanitation systems since the dawn of civilization. Where water resources, infrastructure or sanitation systems were insufficient, diseases spread and people fell sick or died prematurely.
Independent Commission Against Corruption (New South Wales) The Independent Commission Against Corruption (ICAC), an independent agency of the Government of New South Wales, is responsible for eliminating and investigating corrupt activities and enhancing the integrity of the public administration in the state of New South Wales, Australia. The Commission was established in 1989, pursuant to the Independent Commission Against Corruption Act, 1988 (NSW), modeled after the ICAC in Hong Kong.It is led by a Chief Commissioner appointed for a fixed five-year term; and two part-time Commissioners.
Misophonia Misophonia is a disorder of decreased tolerance to specific sounds or their associated stimuli that has been characterized using different language and methodologies. Reactions to trigger sounds range from anger and annoyance to activating a fight-or-flight response.
Complication (medicine) A complication in medicine, or medical complication, is an unfavorable result of a disease, health condition, or treatment. Complications may adversely affect the prognosis, or outcome, of a disease.
Good Environmental Status Good Environmental Status is a qualitative description of the state of the seas that the European Union's Marine Strategy Framework Directive requires its Member States to achieve or maintain by the year 2020. \nGood Environmental Status is described by 11 Descriptors:\n\nDescriptor 1.
Anthropogenic hazard Anthropogenic hazards are hazards caused by human action or inaction. They are contrasted with natural hazards.
Regulatory law Regulatory law refers to secondary legislation, including regulations, promulgated by an executive branch agency under a delegation from a legislature. It contrasts with statutory law promulgated by the legislative branch, and common law or case law promulgated by the judicial branch.
Register allocation In compiler optimization, register allocation is the process of assigning local automatic variables and expression results to a limited number of processor registers.\nRegister allocation can happen over a basic block (local register allocation), over a whole function/procedure (global register allocation), or across function boundaries traversed via call-graph (interprocedural register allocation).
Business Insider Insider – previously named Business Insider (BI) – is an American financial and business news website founded in 2007. Since 2015, a majority stake in Business Insider's parent company Insider Inc.
Business Is Business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when:\n\nA business is sourcing materials for their production process for output (e.g., a food manufacturer purchasing salt), i.e.
Family business A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals. They are closely identified with the firm through leadership or ownership.
Risk Factors
ARTESIAN RESOURCES CORP ITEM 1A RISK FACTORS Our operating revenue is primarily from water sales
The rates that we charge our customers are subject to PSC regulations
Additionally, our business requires significant capital expenditures on an annual basis and these expenditures are made for additions and replacement of property
If the PSC disapproves or is unable to timely approve our requests for rate increase or approves rate increases that are inadequate to cover our investments or increased costs, our profitability may suffer
We file rate increase requests, from time to time, to recover our investments in utility plant and expenses
Once a rate increase petition is filed with the PSC, the ensuing administrative and hearing process may be lengthy and costly
We can provide no assurances that any future rate increase request will be approved by the PSC; and if approved, we cannot guarantee that these rate increases will be granted in a timely manner and/or will be sufficient in amount to cover the investments and expenses for which we initially sought the rate increase
Our business is subject to seasonal fluctuations, which could affect demand for our water service and our revenues
Demand for water during warmer months is generally greater than during cooler months primarily due to additional requirements in irrigation systems, swimming pools, cooling systems and other outside water use
In an event when temperatures during typically warmer months are cooler than normal, or if there is more rainfall than normal, the demand for our water may decrease and adversely affect our revenues
Drought conditions may impact our ability to serve our current and future customers, and may impact our customers &apos use of our water, which may adversely affect our financial condition and results of operations
We believe that we have in place sufficient capacity to provide water service for the foreseeable future to all existing and new customers in all of our service territories
However, severe drought conditions could interfere with our sources of water supply and could adversely affect our ability to supply water in sufficient quantities to our existing and future customers
This may adversely affect our revenues and earnings
Our operating costs could be significantly increased if new or stricter regulatory standards are imposed by Federal and State Environmental agencies
Our water and wastewater services are governed by various federal and state environmental protection and health and safety laws and regulations, including the federal Safe Drinking Water Act, the Clean Water Act and similar state laws
These federal and state regulations are issued by the United States Environmental Protection Agency and state environmental regulatory agencies
Pursuant to these laws, we are required to obtain various water allocation permits and environmental permits for our operations
The water allocation permits control the amount of water that can be drawn from water resources
New or stricter water allocation regulations can adversely affect our ability to meet the demands of our customers
While we have budgeted for future capital and operating expenditures to maintain compliance with these laws and our permits, it is possible that new or stricter standards would be imposed that will raise our operating costs
Thus, we can provide no assurances that our costs of complying with, or discharging liability under current and future environmental and health and safety laws will not adversely affect our business, results of operations or financial condition
Any future acquisitions we undertake or other actions to further grow our water and wastewater business may involve risks
An important element of our growth strategy is the acquisition and integration of water and wastewater systems in order to broaden our current service areas, and move into new ones
It is our intent, when practical, to integrate any businesses we acquire with our existing operations
The negotiation of potential acquisitions as well as the integration of acquired businesses could require us to incur significant costs and cause diversion of our managementapstas time and resources
We may not be successful in the future in identifying businesses that meet our acquisition criteria
The failure to identify such businesses may limit the rate of our growth
In addition, future acquisitions by us could result in: 8 o Dilutive issuance of our equity securities; o Incurrence of debt and contingent liabilities; o Difficulties in intergrating the operations and personnel of the acquired businesses; o Diversion of our managementapstas attention from ongoing business concerns; o Failure to have effective internal control over financial reporting; o Shuffling of human resources; and o Other acquisition-related expense Some or all of these items could have a material adverse effect on our business and our ability to finance our business and comply with regulatory requirements
The businesses we acquire in the future may not achieve sales and profitability that would justify our investment
Contamination of our water supply may result in disruption in our services and could lead to litigation that may adversely affect our business, operating results and financial condition
Our water supplies are subject to contamination from naturally-occurring compounds as well as pollution resulting from man-made sources, such as MtBE Even though we monitor the quality of water on on-going basis, any possible contamination due to factors beyond our control could interrupt the use of our water supply until we are able to substitute it from an uncontaminated water source
Additionally, treating the contaminated water source could involve significant costs and could adversely affect our business
We could also be held liable for consequences arising out of human or environmental exposure to hazardous substances, if found, in our water supply
This could adversely affect our business, results of operations and financial condition
Potential terrorist attacks may disrupt our operations and adversely affect our business, operating results and financial condition
In the wake of the September 11, 2001 terrorist attacks, we have taken steps to increase security measures at our facilities and heighten employee awareness of threats to our water supply
We also have tightened our security measures regarding delivery and handling of certain chemicals used in our business
We are currently not aware of any specific threats to our facilities, operations or supplies, however, it is possible that we would not be in a position to control the outcome of terrorist events, if they occur
Turnover in Management Team Our success depends significantly on the continued contribution of our management team both individually and collectively
The loss of the services of any member of our management team or the inability to hire and retain experienced management personnel could harm our operating results