Common use of Detailed Budget Clause in Contracts

Detailed Budget. The detailed budget, to be incorporated and made a part of this MOU, is included as Attachment B – Detailed Budget with Supporting Justification. The Government shall be bound to make expenditures as set forth in the budget unless the Department Agreement Monitor provides express written consent to make modifications to the submitted budget. However, a variance of 10% or $25,000, whichever is less, from the initially stated line item within the budget from which the transfer is proposed, is permitted by the Government among itemized budget categories without the prior written approval of the Department Agreement Monitor, provided that the total amount of the budget does not change, there is no change in the statement of work, and the Department Agreement Monitor is notified in writing as soon as practicable.

Appears in 7 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding (Mou), Memorandum of Understanding (Mou)

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