Common use of Budget transfers Clause in Contracts

Budget transfers. Appropriations carried from one year to the next due to projects not concluded during the budgeted term (for reasons such as lack of equipment, import procedures, bad weather, etc.) will be deemed budget transfers. Nondeveloped project full value will be carried to the following year budget and will be subject to Executive Committee approval. These projects will be expressly included in the budget taking into account the disbursement schedule provided in this Agreement Clause 15 (section 15.4). Additionally, budget transfers will originate an exhibit explaining budget transfer causes and how will the budget be executed within the next term.

Budget transfers. Appropriations carried from one year to the next due to projects not concluded during the budgeted term (for reasons such as lack of equipment, import procedures, bad weather, etc.) will be deemed budget transfers. Nondeveloped Non developed project full value will be carried to the following year budget and will be subject to Executive Committee approval. These projects will be expressly included in the budget taking into account the disbursement schedule provided in this Agreement Clause 15 (section 15.4). Additionally, budget transfers will originate an exhibit explaining budget transfer causes and how will the budget be executed within the next term.