Budget Modification definition

Budget Modification means any change on the dollar amounts of budget line items without any change on the overall total grant amount awarded of this agreement.
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Budget Modification means any replacement, alteration, or change to a specific line item or an obligation of funds from a specific line item in order to adjust a line item(s) that has been over/under spent or is identified as a financial need prior to overspending. See paragraph 6.a. for exclusions, which are specifically prohibited.
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Budget Modification as used in this policy means the reallocation of already budgeted monies from one restricted budget category to another within the same budget or between budgets in the same fund and department; i.e. moving money from the Auditor’s professional services line to a line in the Auditor’s salary section. Budget modifications up to $10,000 are approved by the County Official and the Budget Director. Budget modifications in excess of $10,000 up to
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Examples of Budget Modification in a sentence

  • Approval of the Budget Modification by CONTRACT MANAGER includes approval of the new Budget Category.

  • Failure to obtain advance written approval for any proposed Budget Modification Request may result in disallowance of reimbursement for those costs.

  • Subrecipient shall notify County's Contract Manager in writing to request authorization prior to submitting a Budget Modification.

  • On the date County approves a Budget Modification, such Budget Modification shall supersede any prior Budget Modification(s) approved by County within the same Fiscal Year or Program Year (i.e., when Subrecipient's Budget Modification number two (2) is approved by County, it becomes effective upon the approval date and Subrecipient's Budget Modification number one (1) is no longer effective as of that same date).

  • For the entirety of any Fiscal Year or Program Year, a Budget Modification shall not exceed twenty percent (20%) of the baseline amount allocated to the line items being modified (i.e., Subrecipient's movement of funds among line items shall not cause one line item to be reduced or increased by more than twenty percent (20%) of its baseline amount).

  • A Budget Modification does not increase or decrease a contract award amount; it serves to reallocate money between line items of an already approved budget.

  • Approval of the Budget Modification by COUNTY includes approval of the new Budget Category.

  • Frequencies of Budget Modification request initiated by SUBRECIPIENT are outlined in specified COUNTY policy.

  • Pursuant to Budget Policy No. E.3., Rebudgets shall be documented in a Budget Modification.

  • This form is used to seek reimbursement of allowable contractual, operating and training expenses as outlined in the approved grant application or as approved by the Agency under a Budget Modification.


More Definitions of Budget Modification

Budget Modification as used in this policy means the reallocation of already budgeted monies from one restricted budget category to another within the same budget or between budgets in the same fund and department; i.e. moving money from the Auditor’s professional services line to a line in the Auditor’s salary section. Budget modifications are approved by the County Administrator. A budget modification does not include reallocation between departments or funds, or when a new position would be created or a new capital expenditure authorized.
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Budget Modification means the process used to use cost savings or unallocated funding to support employer expenditures.
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Related to Budget Modification

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Significant Modification As defined in Section 3.25.

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Substantial modification means modification of a relevant source that results in a significant increase in emissions, excluding any change in emissions resulting from by-product recovery. It shall be a matter for the Party to decide whether a modification is substantial or not;

  • Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Basic Terms Modification means any proposal:

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • PAL major modification means, notwithstanding the definitions for major modification and net emissions increase in 326 IAC 2-2-1, any physical change in or change in the method of operation of the PAL source that causes it to emit the PAL pollutant at a level equal to or greater than the PAL.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • service delivery and budget implementation plan means a detailed plan approved by the executive mayor of the municipality, in terms of section 53(l) (c) (ii) of the MFMA, for implementing the municipality's delivery of municipal services and which indicate –

  • Implementation Schedule means the Implementation Schedule in Section VII of the tendering documents.