Budget Virement Form New Website Old N Somerset Gov
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People also ask
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What is the meaning of virement payment?
the process of moving money from one financial account or part of a budget (= a plan for how money will be spent) to a different one.
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What are the rules for virement?
Virements (a) take place after the budget has been authorized by the legislature, (b) do not affect the total level of budgeted expenditure, (c) should not fundamentally alter the composition of expenditure appropriated by the legislature, and (d) are carried out under the executive authority of the government and do ...
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What is a budget virement?
Budget Virement is the process of transferring budgeted funds from budget code to another, with the approval of the relevant Head of Service, Chief Finance Officer or elected members to enable budget managers to amend budgets in the light of experience or to reflect anticipated changes.
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What is the meaning of virement rule?
Virement means the process of transferring an approved budget allocation from one vote to another, with the approval of the Municipal Manager. To enable senior managers to amend budgets in the light of experience or to reflect anticipated changes; Sample 1Sample 2Sample 3.
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What is a virement used for?
“Virement” is “a Regulated transfer or re-allocation of money from one account to another, especially public funds.
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What is a virement form?
• Virement – The PERMANENT transfer of part or all of a budget from one or more. budgets to one or more budgets.
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