Get Instruction Package For Amending A County Extension Budget - Extension Iastate

A Budget Amendment (BA) is the mechanism used to revise the working budget of state-supported and auxiliary enterprises accounts to reflect changes that occur throughout the fiscal year. Once the working budget is completed, it can only be changed by Budget Amendment.

Budget Amendment: An increase or decrease in budgeted revenues with a corresponding increase or decrease in budgeted expenditures within the same fund. The budgeted fund total is changed. 2. Budget Transfer: A transfer of appropriations among two or more accounts within the same fund.

Budget Adjustment – a transfer of expenditures or revenues of equal amount between line items within a Department's budget. Budget Amendment – a supplemental appropriation of budgetary revenues and expenditures. Budgetary Function – a set of departments that serve a shared programmatic purpose.

DEFINITION. A Budget Amendment (BA) is the mechanism used to revise the working budget of state-supported and auxiliary enterprises accounts to reflect changes that occur throughout the fiscal year. Once the working budget is completed, it can only be changed by Budget Amendment.

Budget revisions are administered when funds are needed to cover pending expenditures, to cover overdrafts or to transfer funds for other departmental uses. Permanent budget adjustments effect more than one fiscal year while temporary budget adjustments only effect the current fiscal year.

Budget Adjustments are used to modify an approved budget to reallocate funds among the budget categories. The original award amount may not be increased by this procedure. A budget modification can only be initiated, when an award has a final clearance or an approved budget.