Virement means transfer of funds between functions / votes
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;
Virement means shifting of funds between line items within a Vote. Webster’s New millennium ™ Dictionary of English defines “Virement” as “a regulated transfer or re-allocation of money from one account holder, especially public funds.”
Examples of Virement in a sentence
Virement amounts may not be rolled over to subsequent years, or create expectations on following budgets.
Virement between heads of expenditure of up to the limit specified in the Authority’s Financial Regulations provided that such virement is in accordance with the conditions for virements in such Financial Regulations.
Virement between budget heads is an integral and important feature of budgetary control.
Virement is the process of transferring budgeted funds from one line item number to another, with the approval of the relevant Manager and CFO, to enable budget managers to amend budgets in the light of experience or to reflect anticipated changes.
Virement is the transfer of budget provision between individually defined budget headings.
More Definitions of Virement
Virement means transfer of funds between functions / votes "Vote" means-
Virement means the reallocation of funds within the budget of a vote, from a budget line to another budget line;
Virement means the transfer of amounts from one Budget Head to another.
Virement means movement of money within an expenditure head.
Virement means the transfer of amounts from one Budget Head to another.SECTION THREE
Virement means the power to transfer funds between functions / votes.
Virement means the process of transferring an approved budgetary provision within the same vote from one Item segment or any combination of other segments to another during a municipal financial year and which results from changed circumstances from that which prevailed at the time of the previous budget adoption;