A reference year against which other years are measured.
Year for which an air quality modeling episode will be evaluated for model performance. Air quality modeling typically involves modeling a base year and comparing the model run to observational data. Once the meteorology and emissions data in the base year have been improved enough for adequate model performance, the emissions are grown to a future year and the model is run in the future with and without a control strategy.
The year from which the value shares used as weights for volume measures are derived. For fixed base volume measures, the base years are separated by 5 yearly intervals. For chained volume measures, the base year is always the previous year.
The year for which prices are used for expressing and weighting data at constant prices, currently 2002 for GDP.
The year used as the basis for comparison by a price index such as the CPI. The index for any year is the average of prices for that year compared to the base year; e.g., 110 means that prices are 10% higher than in the base year. The base year is also the year whose prices are used to value something in real terms or after adjusting for inflation.
The year on which the tenant's operating costs are based - typically the calendar year during which the tenant's occupancy commences.
A specific year of a lease against which certain rent escalations and additional expense reimbursements to landlord may be calculated.
The year of a lease term that is used as the standard when implementing an escalator clause. Operating costs are judged higher or lower during the next year when compared to the base year, typically the calendar year the lease commences.
the year against which other years are measured
The period starting January 1 and ending December 31 of the year preceding the application period.
The companys current fiscal year. Since complete financial statements are not available for the current year, sales and income are projected based on the expectations of management.
Under Proposition 13 the assessment year 1975-76 serves as the original base year. Thereafter, any assessment year in which real property, or a portion thereof, is purchased, is newly constructed or changes ownership shall become the base year used in determining the full value for such real property, or a portion thereof.
The twelve-month period ending on December 31 preceding the beginning of the student enrollment period. For applicants for aid for 2002-2003, the base year is 2001.
Base Year means two different things to two types of Metrix users. Base Year represents the year to which you are comparing current year's data. If you are using Metrix to calculate savings due to energy projects, then base year represents the period of time before the ECMs were installed. If you are using Metrix to track your bills in general, then base year represents some year in the past that was selected for comparison to current year's data.
In a gross lease, a method of measuring when the owner's expenses for operating the building stop and when the tenant's expenses begin. The next year is compared to the base year to determine if an increase in operating costs will be passed along to the tenant.
Calendar year from which earnings and service months are used to determine eligibility for Railroad Unemployment Insurance Act (unemployment and sickness) benefits.
The year in which a redevelopment plan is adopted.
A reference period which determines a fixed price level for comparison in economic escalation calculations and cost estimates. The price level index for the BY is 1.000.
A reference year. For the Framework Convention on Climate Change, 1990 is the base year.
The year in which the redevelopment plan was adopted.
1990 is the base year used in the UNFCCC and also for most QELRCs established under the Kyoto Protocol. However, EITs that chose a different base year under a decision taken at COP 2 shall use that base year under the Protocol. Also, all Annex I Parties have the option of choosing 1995 as the base year for their emissions of the three industrial gases covered by the Protocol – hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride.
The year that is used as a standard of comparison in a time series index number, such as the CPI.
For need analysis purposes, the base year is the calendar year preceding the award year. For instance, 2003 is the base year used for the 2004-2005 award year. The Free Application for Federal Student Aid (FAFSA) uses family income from the base year because it is more accurate and easier to verify than projected year income.
The lead off year of data used in a study, usually the current year or a year with the most recent comprehensive data.
The twelve-month period ending on December 31 preceding the year in which a student will enroll. Applicants seeking aid for 2000-2001 will use 1999 as the base year.
Actual taxes and operating expenses for a specified base year, most often the year in which the lease commences. Once the base year expenses are known, the lease essentially becomes a dollar stop lease.
The tax year prior to the academic year (award year) for which financial aid is requested. For undergraduates the base year runs from January 1 of the junior year in high school through December 31 of the senior year. Financial information from this year is used to determine eligibility for financial aid. For SCE, CAPA, graduate and doctoral programs, the base year is the preceding tax year.
(1) A term used to calculate a base of operating expenses over which a tenant is expected to pay his or her proportionate share; usually, the base year is the calendar year in which the lease is signed. (2) A term used to calculate a base of operating expenses over which a tenant is expected to pay its proportionate share; usually, the "base year" is the calendar year in which the lease is signed.
This is how the Landlord recaptures any increase in operating expenses in gross leases beyond the first year of the lease.
The year upon which a direct expense escalation of rent is based. See also "Escalation Clause".
The 12-month period ending on December 31 preceding the year for which financial aid is sought (i.e., for the 2000-01 academic year, the base year is January 1 - December 31, 1999).
An analysis of study's baseline or lead-off year. The year to which other years are compared to.
The earliest year for which treatment activities are reported. The base year for national reporting is normally 1975.
A past year that serves as a basis for comparison or contrast with statistics from a (more) current year, when we make calculations that depend on change over time. There are a number of ways to select a base year. It can be: A fixed number of years before the current year (5, 10, 17, or whatever suits your needs). A year in which important, regularly collected statistics were obtained or published. (For example, 1990 or 2000 for major Census data, 2002 for BLS employment projections, etc.). The beginning or end of a business cycle, recession, or other major economic trend period.
The year of a lease term which is used to compare subsequent years; usually when calculating operating expense pass throughs.
Application Engines : In an anniversary entry, this allows the application to display a number of years between the base year and the current anniversary.
A year adopted by a taxing jurisdiction as a base for valuation, meaning all properties are valued as of the selected year whether constructed before or after the base year. A degree of equalization is achieved by this method and there is a recognizable trend to adopt this method by legislation.
The 12 month period upon which a direct expense escalation of rent is based. Typically the calendar year the lease commences.
The year from which comparisons and/or forecasts are made. If the current year is used, management projects year-end results.
Year used as a reference date to measure progress made. The base year for measuring energy efficiency improvements, for example, is 1989.
For students and parents, the 12-month period ending December 31 preceding the beginning of the student application period.[ BACK
The calendar year before the academic year for which financial aid is requested; the year upon which the Expected Family Contribution is based. Financial facts from the family's base year are combined with the Cost of Attendance for the "award year" to determine the student's Need. In effect, there is a one-year offset between the family's income and savings and the student's financial aid. Financial aid officers may take into account the family's financial expectations for the award year, but they are not required to do so.
Targets for reducing GHG emissions are often defined in relation to a base year. In the Kyoto Protocol, 1990 is the base year for most countries for the major GHGs; 1995 can be used as the base year for some of the minor GHGs.
For claimants, the first four of the last five completed calendar quarters immediately prior to the filing of an initial claim for benefits; the wages paid during this period are the basis of computation for the maximum benefit amount and weekly benefit amount. Since July 1987, claimants who can't otherwise establish a valid benefit year may seek to base a benefit year on work in the last four completed quarters.
The first year of the period of analysis. The base year does not have to be the current year.
This is used extensively in calculating price indexes.The values in a current year are compared to some arbitrarily chosen earlier or base year.