Adjustment Budget definition

Adjustment Budget means a budget as described in Section 28 of the MFMA, and in terms of Part 4 of the Municipal Budget and Reporting Regulations;
Sample 1Sample 2Sample 3
Adjustment Budget means the mechanism to amend an approved budget under certain specified conditions.
Sample 1Sample 2Sample 3
Adjustment Budget means the revision of the annual budget in terms of section 28 of the MFMA.
Sample 1

Examples of Adjustment Budget in a sentence

  • During the Adjustment Budget funding assessment for 2019/20, NT advised that the municipality should consider writing off debtors that we know we are not realistically going to collect.

  • Thousands of workers faced the terror of unemployment after dozens of foreign companies had left the country due to the repercussions of the war.

  • As far as the reallocation of funds between votes is concerned, it cannot be delegated and Council has to decide on each of these items in the Adjustment Budget annually.

  • The Adjustment Budget Policy is governed by various provisions in the MFMA and the Municipal Budget and Reporting Regulations, which are aimed at establishing an increased level of discipline responsibility and accountability in the financial management practices of the Municipality.

  • The Department reported that, as one of the implementing departments for the Economic Recovery Stimulus Package, during the Special Adjustment Budget, R19.6 billion of a total of R100 billion for job creation and retention was made available in the 2020/21 financial year, with the balance to be appropriated in the two outer years of the current MTEF.

  • Each Adjustment Budget shall reflect realistic excess, however nominal, of current revenues over expenses.

  • The impact of increased debt impairment to cater for the lower collection rates are incorporated in the May 2020 Adjustment Budget.

  • A drop to 87% for the Refuse collection are included in the May Adjustment Budget due to the COVID-19 pandemic and the ability of the consumers to pay.

  • No. 56 of 2003 determines the following with regard to the Municipal Adjustment Budget.

  • The parameters and the final budget outcome influenced by:- The actual audit outcome especially in respect of the depreciation, debt impairment and interest on shareholders loan provisions.- The outcome of the current 2019/20 Adjustment Budget projections.- The outcome of the proposed tariff increase by NERSA.- Consider National Treasury Budget Circular No 98 & No 99.

Related to Adjustment Budget

  • Approved Budget means an annual budget-

  • Operating Budget has the meaning given in Section 3.11(a).

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.