What type of funding formula is described by the language 'The numerator of the fraction shall be ... The denominator of the fraction shall be'?

• A. Pecuniary
• B. Pre-residuary
• C. Residuary
• D. Fractional

Answer: (D)

A fractional funding formula is being described here. When the language talks about the numerator of a fraction and the denominator of a fraction, it signals that the allocation is based on a ratio rather than a fixed amount or a remaining balance. In a fractional approach, each recipient’s share is proportional to a weight or factor divided by the total of those weights, then applied to the overall pool. For example, if total funds are F and a recipient’s weight is w_i while all weights sum to W, the share would be F × (w_i / W). This emphasis on a ratio is what characterizes the method as fractional. The other terms imply different concepts—pecuniary relates to monetary values in general, residuary refers to what remains after deductions, and pre-residuary is not a standard term in this context.