Budget Revision definition

Budget Revision as used in this policy means the reallocation of already budgeted monies from one restricted budget category to another or between departments within the same fund, or when the reallocation would authorize a new position or a new capital purchase. Budget
Sample 1Sample 2Sample 3
Budget Revision has the meaning given in Article 9.1.1
Sample 1Sample 2
Budget Revision as used in this policy means the reallocation of already budgeted monies from one restricted budget category to another or between departments within the same fund when the reallocation would authorize a new position or a new capital purchase. Budget revisions require adoption by resolution of the Board of Commissioners and cannot be done between funds.
Sample 1Sample 2

Examples of Budget Revision in a sentence

  • Budgets for Funding Periods not included herein shall remain the same as the included budget until and unless formally revised via the OEC’s Budget Revision process or via formal amendment to this contract.

  • Budget Revision – Amendment requests, along with accompanying narrative, are to be submitted using the On-line Grants Management System (OGMS).

  • The Contractor shall notify the Department’s Project Officer of any Budget Revision under 20% of the total amount of the Contract per budget year in writing, but need not request Department approval, except as provided for in Paragraph 4(a)(i)(B) above.

  • A Budget Revision Request may be submitted by the Contractor to the Commission to modify a line or lines of the approved budget.

  • Any change to funds in the Personnel Category requires the approval of the Department’s Project Officer, and any such change at 20% or over as set forth in Paragraph 4(a) shall be counted as one Budget Revision under that paragraph.

  • At no time can Administrative/Indirect cost rates be increased via a Budget Revision.

  • Contractor is limited to two Budget Revision Requests per fiscal year.

  • Contractor is limited to two (2) Budget Revision Requests per fiscal year.

  • Line item changes in excess of the amount specified above will require a Request for Budget Revision form be submitted to and approved by the Department.

  • Budget Revision and Tolerance: As per UNDP requirements outlined in the UNDP POPP, the project board will agree on a budget tolerance level for each plan under the overall annual work plan allowing the project manager to expend up to the tolerance level beyond the approved project budget amount for the year without requiring a revision from the Project Board.


More Definitions of Budget Revision

Budget Revision to make a change in the grant budget, including slots.
Sample 1
Budget Revision means a change in approved activities/costs
Sample 1

Related to Budget Revision

  • COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

  • Health benefits plan means a benefits plan which pays or

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Safety Plan means a written document that has procedures, requirements, or standards related to safety which the pool staff shall follow. The safety plan shall include training and emergency response procedures.

  • Prescription drug means any drug required by federal law or regulation to be dispensed only