Common use of Budget Changes Clause in Contracts

Budget Changes. The Contractor may make changes to the budget, without a formal modification to the Contract and without securing the prior approval of ESD, under the following conditions: a. The revisions must not result in the need for additional funding; b. The revisions must not result in the need to adjust performance targets established in this Contract; c. The revisions must neither alter the scope of work nor the Statement of Work; d. The revisions must not be prohibited by applicable federal or state statutes or regulations; e. The Contractor may vary actual expenditures within the major cost categories of the budget without securing the prior approval of ESD when such variances do not exceed 10% of the total costs originally budgeted in the category. Such variance may be between line items only and may not alter the total amount of money originally budgeted in the major cost categories. The Contractor will send advance written notices of allowed variances to ESD. Per Exhibit B, Paragraph 1.6, Modifications, all other changes or modifications to this contract shall be valid only when in writing and signed by the authorized representatives of both parties.

Budget Changes. The Contractor Grantee may make changes to the budget, without a formal modification to the Contract and without securing the prior approval of ESD, under the following conditions: a. The revisions must not result in the need for additional funding; b. The revisions must not result in the need to adjust performance targets established in this Contract; c. The revisions must neither alter the scope of work nor the Statement of Work; d. The revisions must not be prohibited by applicable federal or state statutes or regulations; e. The Contractor may vary actual expenditures within the major cost categories of the budget without securing the prior approval of ESD when such variances revisions do not exceed 10% of the total costs originally budgeted in the category. Such variance may be between line items only and may not alter the total amount of money originally budgeted in the major cost categories. The Contractor Grantee will send advance written notices of allowed variances to ESD. EMPLOYMENT SECURITY DEPARTMENT ESD CONTRACT K6867 ESD GRANT ▇▇▇▇-▇▇▇▇-▇▇ CONTRACTOR CONTRACT Per Exhibit B, Paragraph 1.6, Modifications, all other changes or modifications to this contract Contract shall be valid only when in writing and signed by the authorized representatives of both parties.