Budget Modification definition

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:
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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
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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.
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Examples of Budget Modification in a sentence

  • Approval of the Budget Modification by CONTRACT MANAGER includes approval of the new Budget Category.

  • For further details please see PHF Contract and Budget Modification Policies and Procedures.

  • When submitting a Budget Modification through HHS Accelerator Financials: • Use the Request for Budget Modification Form available on the DYCD website http://www.nyc.gov/html/dycd/html/resources/cbo_budgets.shtml• Upload the completed form into the Documents Tab on HHS Accelerator Financials Questions regarding the budget modification process must be directed to your DYCD Program Manager.

  • BUDGET MODIFICATIONS SECTION TWO: BUDGET MODIFICATIONS BUDGET MODIFICATION POLICIES AND PROCEDURES OVERVIEW A Budget Modification does not increase or decrease a contract award amount; it serves to reallocate money between line items of an already approved budget.

  • A Budget Modification does not increase or decrease a contract award amount; it serves to reallocate money between line items of an already approved budget.

  • HORIZON CVR is a hard-shell cardiotomy/venous reservoir integrated with two cardiotomy filters, designed to allow venous drainage of the patient’s blood, both through the hydrostatic load (height difference between the patient and the reservoir) and the vacuum-assisted venous drainage (VAVD) technique.

  • Subrecipient shall notify County's Contract Manager in writing to request authorization prior to submitting a Budget Modification.

  • On the date County approves a Budget Modification, such Budget Modification shall supersede any prior Budget Modification(s) approved by County within the same Fiscal Year or Program Year (i.e., when Subrecipient's Budget Modification number two (2) is approved by County, it becomes effective upon the approval date and Subrecipient's Budget Modification number one (1) is no longer effective as of that same date).

  • Frequencies of Budget Modification request initiated by SUBRECIPIENT are outlined in specified COUNTY policy.

  • Approval of the Budget Modification by COUNTY includes approval of the new Budget Category.


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.
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Budget Modification means the process used to use cost savings or unallocated funding to support employer expenditures.
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Related to Budget Modification

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Administrative permit amendment means an air quality operating permit revision that: