Common use of Budget variations Clause in Contracts

Budget variations. 8.1 The Project is to be managed and accounted for in accordance with the approved budget set out at Schedule 2 (the Budget). 8.2 You may transfer up to £1,000 in each calendar year between most of the grant budget headings without our prior approval. 8.3 The following transfers must be approved by us in writing (using a Change Request form) before you make the transfer: 8.3.1 transfers of more than £1,000 per budget heading in each calendar year; and/or 8.3.2 transfers into or out of salary budget headings, which will be permitted only in exceptional circumstances. 8.4 Details of all transfers, the reasons for the change and the overall impact on the Project must be included in your Reports.

Budget variations. 8.1 The Project is to be managed and accounted for in accordance with the approved budget set out at Schedule 2 (the Budget). 8.2 You may transfer up to £1,000 in each calendar year between most of the grant budget headings without our prior approval. 8.3 The following transfers must be approved by us in writing (using by filing a Change Request form) form before you make the transfer: 8.3.1 transfers of more than £1,000 per budget heading in each calendar yearheading; and/or 8.3.2 transfers into or out of salary budget headings, which will be permitted only in exceptional circumstances. 8.4 Details of all transfers, the reasons for the change and the overall impact on the Project must be included in your Reports.