Standard Budget Flexibility Clause Samples

Standard Budget Flexibility. Pursuant to section A4.11 (as found in section B.15), the Recipient may move Funds between expense lines in column B, Amount from the Funds, in the Budget table in section D.1 without amendment to this Agreement, except as limited below: (i) The Recipient may not reduce the Funds allocated to any expense line by more than ten percent (10%) of its allocation as shown in the Budget table; (ii) The Recipient may not increase the Funds allocated to any expense line by more than twenty percent (20%) of its allocation as shown in the Budget table; (iii) Funds in column B, Amount from the Funds, cannot be moved to any expense lines under the Budget category “Administration Costs” or the Budget category “Other” (if any); and (iv) Funds in column B, Amount from the Funds, cannot be moved between Part I and Part II of the Budget table.