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Resolution:Revised Budget Realignment Authorization

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Menu Revised Budget Realignment Authorization
Approved (8–0; 1 abstention) on Apr. 3, 2014

RESOLVED,

  1. Administrative budget – The President and Treasurer are hereby authorized to realign any line-item allocation in the administrative budget within the allowable limit set in the agreement that funded the budget.
  2. Project budget – Project leads are hereby authorized to realign any line-item allocation in the project's approved budget within the allowable limit set under the project's funding agreement, in absence of any limit, Project leads may realign up to Five Thousand Pesos (₱ 5,000.00). In case the realignment is greater than the limit set, the consent of the President and Treasurer must be obtained before requesting the fund provider to adjust any reallocation, if the fund provider allows such realignments.
  3. Notifying the Board – It shall be the responsibility of those authorized to realign allocations in the budget to notify the Board of any realignment and the reason for it.