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 adjust a line item(s) that has been over/under spent or is identified as a financial need prior to overspending. See paragraph 6.a. for exclusions, which are specifically prohibited.
Sample 1Sample 2Sample 3
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
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

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.

  • 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.

  • 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.

  • 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.

  • Re-budget requests must be submitted on the PHF Contract and Budget Modification Request Form to the Office of the Research Administration and approved by the Vice President for Research or designee.

  • 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).

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

  • For the entirety of any Fiscal Year or Program Year, a Budget Modification shall not exceed twenty percent (20%) of the baseline amount allocated to the line items being modified (i.e., Subrecipient's movement of funds among line items shall not cause one line item to be reduced or increased by more than twenty percent (20%) of its baseline amount).

  • This form is used to seek reimbursement of allowable contractual, operating and training expenses as outlined in the approved grant application or as approved by the Agency under a Budget Modification.


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.
Sample 1Sample 2
Budget Modification means the process used to use cost savings or unallocated funding to support employer expenditures.
Sample 1

Related to Budget Modification

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

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

  • Significant Modification As defined in Section 3.25.

  • 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.

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.

  • Substantial modification means modification of a relevant source that results in a significant increase in emissions, excluding any change in emissions resulting from by-product recovery. It shall be a matter for the Party to decide whether a modification is substantial or not;

  • Loan Modification Agreement means a Loan Modification Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among the Borrower, the other Loan Parties, one or more Accepting Lenders and the Administrative Agent.

  • 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.

  • Basic Terms Modification means any proposal:

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

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

  • PAL major modification means, notwithstanding the definitions for major modification and net emissions increase in 326 IAC 2-2-1, any physical change in or change in the method of operation of the PAL source that causes it to emit the PAL pollutant at a level equal to or greater than the PAL.

  • Cross-Series Modification means a modification involving (i) the Bonds or any agreement governing the issuance or administration of the Bonds, and (ii) the debt securities of one or more other series or any agreement governing the issuance or administration of such other debt securities.

  • Permitted Modifications As defined in Section 2.02(a) of the Servicing Agreement.

  • Restructuring Plan means the extrajudicial restructuring plan, filed with the Sao Paulo Bankruptcy and Reorganization Court on August 19, 2020 (the “Restructuring Plan Filing Date”), providing for the issuance of the Securities and of the New Notes in exchange for the restructuring of various financial debts of OEC and certain of its Affiliates, as duly amended from time to time.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Modification Excess With respect to each Payment Date and any Reference Obligation that has experienced a Modification Event, the excess, if any, of: (a) one-twelfth of the Current Accrual Rate multiplied by the interest bearing unpaid principal balance (the “UPB”) of such Reference Obligation; over (b) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Reference Obligation.

  • Unilateral Change Order (ULCO means a Change Order issued by Owner without the complete agreement of Contractor, as to cost and/or time.

  • Implementation Agreement means the Implementation Agreement dated ……… by and between the GOB, PGCB and the Company in connection with the Project, and also includes any amendment of it made from time to time;

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