Budget Modification definition
Budget Modification means any change on the dollar amounts of budget line items without any change on the overall total grant amount awarded of this agreement.
Budget Modification means any replacement, alteration, or change to a specific line item or an obligation of funds from a specific line item in order to compensate for a line item(s) that has been overspent or is identified as a financial need prior to overspending, with the following exclusions, which are specifically prohibited:
Budget Modification as used in this policy means the reallocation of already budgeted monies from one restricted budget category to another within the same budget or between budgets in the same fund and department; i.e. moving money from the Auditor’s professional services line to a line in the Auditor’s salary section. Budget modifications up to $10,000 are approved by the County Official and the Budget Director. Budget modifications in excess of $10,000 up to
Examples of Budget Modification in a sentence
The budget may be modified accordingly: • Informal Budget Modification: One (1) time throughout the term of this agreement.
More Definitions of Budget Modification
Budget Modification as used in this policy means the reallocation of already budgeted monies from one restricted budget category to another within the same budget or between budgets in the same fund and department; i.e. moving money from the Auditor’s professional services line to a line in the Auditor’s salary section. Budget modifications are approved by the County Administrator. A budget modification does not include reallocation between departments or funds, or when a new position would be created or a new capital expenditure authorized.
Budget Modification means the process used to use cost savings or unallocated funding to support employer expenditures.