The Annual Budget Sample Clauses

The Annual Budget. 9.1 Redbridge in its role as the Accountable Body of Local London shall be the Lead Borough responsible for administering the Annual Budget.
The Annual Budget. 9.1 Enfield shall be the Lead Borough responsible for administering the Annual Budget.
The Annual Budget. No later than the May meeting, the Joint Operating Committee shall consider the budget for the subsequent fiscal year. The budget shall be adopted, by joint meeting or mail ballot, by two-thirds of the Member School Districts and by the affirmative vote of a majority of all the members of the Full Board, no later than the months of May and June. Said budget shall be subject to final approval by the Pennsylvania Department of Education.
The Annual Budget. The Annual Budget and the IDP are inextricably linked to one another, something that has been formalised through the promulgation of the Municipal Finance Management Act (2004). Chapter 4 and Section 21 (1) of the Municipal Finance Management Act (MFMA) indicate that: The Mayor of a municipality must-
The Annual Budget. Each resident, including students permitted to stay outside the hall, shall pay a seat rent to the Institute. The Institute, at its discretion, may reduce or waive seat rent for some students. The student, whether resident or permitted to stay outside, is also required to pay a monthlyEstablishment Fee”. The seat rent and the Establishment Fees are collected by the Institute. The establishment fee and a portion of the seat rent are transferred to the Chief Warden‟s office, who meets the expenses meant for all the halls. At the beginning of the academic year, the Chief Warden allocates an annual grant to each hall, the quantum of the grant being dependent on the need of the hall and its ability to spend. The annual budget of a hall shall be based on the expected collection during the academic year from direct contribution by the students and grant received from Chief Warden‟s office. The total amount will be distributed among six types of works (six secretaries) and a portion of the money will be reserved for office management and miscellaneous works. The budget headoffice expenses” shall contain provision for petty (imprest) expenditure for all secretaries, which will be managed by the General Secretary. The direct contribution shall be called establishment fee, the rate of establishment fee being decided by the residents in a General Body meeting. For expensive projects, the Warden of the Hall, in consultation with the Hall Executive Committee, will submit a proposal to the Hall Management Council (HMC) for sanction of funds at the beginning of the academic session. The expenditure section of the budget shall contain provisions under the different heads, so that every secretary is aware of his job responsibilities and spending limits.The budget set for office expenses will be spent by the Warden directly. Hall accounts will be on the basis of Academic year – July to June. Ordinarily all major expenses must be made before end of April with a known amount of funds kept for specified activities during the May-June period. At the beginning of the academic year, the Wardens will explain the purchase and accounting procedure to every student, particularly the elected student secretaries.
The Annual Budget. Activity two Definition of fiscal policy Step one: Facilitator ask participants to get back into groups / meeting rooms for online training and each group brainstorms what they understand by fiscal policy Step Two: Participants share in plenary and facilitator wraps up using the notes FACILITATOR’S NOTES FISCAL POLICY Fiscal policy (relates to government revenue and expenditure) and macro-economic management (relates to management of the key economic variablesinflation rate, unemployment level, interest rates, foreign exchange rates, trade deficits, etc) and knowledge about key documents like the NDP (the roadmap used to guide the national develop path). The fiscal objectives are supposed to ensure macro-economic stability and economic growth having regard to the National Development Plan (NDP). The Medium-Term Framework Paper issued by the Minister of Finance has to be consistent with the National Development Plan. Activity three: Understanding PFM Process Step one: Facilitator asks participants go back into groups of 8 and each group brainstorms on their understanding of the PFM process Step Two: Participants share in plenary and facilitator wraps up using the notes FACILITATOR’S NOTES THE PFM PROCESS PFM can be conceived as a process divided in six phases which are both technical and political. These correspond, essentially to the six phases of the annual budget cycle. Note, however, that the full PFM cycle typically goes beyond the annual budgetary cycle, and is more often a multi- year process. In Uganda, the annual budget is enshrined in the Constitution, the PFM Act, the Local Governments Act, and is required by the PFM Act to be consistent and conform with multi-year documents such as the NDP, and the MTFP. Currently Uganda is implementing NDP III – 2021 to 2025. The process is also required to be consultative and participatory to reflect the choices and aspirations of the stakeholders. The annual budget is prepared at several levels including the Ministry of Finance Planning and Economic Development, the Ministries, Departments, and Agencies (MDAs) and Local Governments (Districts and Urban Authorities), Cabinet, and Parliament. It is a cycle which involves certain activities being undertaken concurrently. Activity four :Understanding the key actors in the PFM/Budget process Step one: Ask participants to name the key actors (officers and/or institutions) involved in the PFM process and note them in flip chart or shared screen Step two: Wrap up ...
The Annual Budget. The broad principles and directions with respect to the Annual Budget are laid down in the Constitution for both the Union (Articles 112-117) and the States (Articles 202-207), while the detailed procedures and processes are provided in the respective Budget Manuals and Financial Rules of the Union and the States.The Constitution requires the Executive to annually present a statement of the estimated receipts and expenditure of the Government, and this is referred to as the ‘annual financial statement’. It seeks to distinguishing revenue from other expenditure, and lists expenditure charged on the Consolidated Fund which the Legislature may discuss but not vote upon. The Constitution also provides for supplementary and excess grants, vote on account, and vote on credit to facilitate management of requirement of funds during budget execution.The Budget Manuals, on the other hand, stipulate the responsibilities of the Finance Ministry or Department and the line departments with regard to the preparation of budget; the timelines, formats for submitting the budget/revised/ supplementary estimates; the principles guiding re-appropriation; and so on.The annual budgeting exercise is undoubtedly the most important component of PFM, as it is through this exercise that the government seeks to fulfil its promises to the electorate. Important social and economic obligations, as also aspirations of citizens, are met through this annual exercise of raising resources and spending them on various government programs.Between the very broad guidelines in the Constitution and the minute details in the Budget Manuals, however, the essential principles and necessary good practices are often obscured. As with PFM generally, there is a need to bridge the existing gap between budgeting guidelines and principles on the one hand, and budgeting practices on the other.
The Annual Budget 

Related to The Annual Budget

  • Notice of Annual Meeting Written notice of the annual meeting stating the place, day and hour of the meeting shall be given to each shareholder of record entitled to vote at such meeting not less than 10 days nor more than two months before the date of the meeting.