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Virement
VIREMENT

Definition: (finance) Authorised transference of a surplus to balance a deficit under another head.
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* All eight elements should be in.


1. Expressly permitted under extant laws.

2. Purposeful and necessary (to emphasize).

3. Appropriation made earlier was well-thought.

4. Request for transfer was detailed and thorough.

5. Surplus not sourced from new loan (connect to #3).

6. Organ or official permitted by law authorized transfer.

7. Amount transferred will be timely and judiciously utilized.

8. The next budget will reflect the development (if applicable).
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See perfect PLAN (1).
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See perfect PLANNING (1).
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See perfect ZERO-BASED BUDGETING.

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