Forfeited cash or gross receipts from the sale of forfeited property less allowable asset management and case-related expenses, third-party interests, and any award based on the value of the forfeiture.
is used in OMB Circular A-122, Cost Principles for Nonprofit Organizations, as part of the definition of a nonprofit agency that "uses its net proceeds (revenues less expenses) to maintain; improve; and/or expand its operations."
The amount the municipal unit receives equals the amount required for capital financing. If a municipal unit wants $100,000 for capital financing, they can request that the proceeds equal $100,000. The unit will borrow $100,000 plus fees and charges.
the amount remaining after a licensee has deducted all approved expenses related to the management and conduct of a licensed lottery event from the gross receipts for the event. The licensee must use the net proceeds for the charitable objects and purposes approved by the licensing authority.