Get the free Budget Amendment Form - armstrong

This form is used for requesting amendments to the budget at Armstrong Atlantic State University, detailing changes in revenue and personal services budgets as well as non-personal services budgets.

How to fill out budget amendment form

How to fill out Budget Amendment Form

1. Obtain the Budget Amendment Form from the appropriate department or website.
2. Fill in the date at the top of the form.
3. Provide your name and contact information.
4. Specify the budget item you wish to amend.
5. Indicate the current budget amount and the proposed new budget amount.
6. Explain the reason for the budget amendment in the provided section.
7. Attach any supporting documents that justify the amendment.
8. Review the form for any errors or missing information.
9. Sign and date the form.
10. Submit the completed form to the designated authorizing body, such as a budget committee or finance office.

Who needs Budget Amendment Form?

1. Anyone managing a budget within an organization needing to adjust funding for specific items.
2. Departments requiring changes due to unforeseen expenses.
3. Project managers who need to reallocate funds to different areas of their projects.
4. Organizations complying with legal or regulatory requirements regarding budget modifications.

People Also Ask about

Why would a budget be amended?

The budget amendment process is important to help ensure that expenditures made during the fiscal year are supported by the budgets created during the working budget cycle. If you fail to amend the budgets to meet any changing circumstance, it can lead to an over expenditure of funds.

What is an amendment in finance?

One of the most common types of amendment is a simple extension of the terms of a contract. An amendment might change a price or a deadline, correct a misstatement in the document, or address an unforeseen issue. The parts of the contract that are not amended remain in force.

What is the budget revision amendment?

What is a budget revision? The process by which recipients revise their budgets to make changes within and between budget categories to meet unanticipated needs and to make other types of post-award changes. This process does not impact the overall budget total. Any changes made must balance out to zero.

When should a budget be modified?

When revenue is increased or decreased, a corresponding adjustment must be made to expense.

How to do a budget amendment in Workday?

In the main Search field, enter Create Budget Amendment and select Create Budget Amendment for Organization. In the Organization field, enter or search for your Cost Center. Now enter the Budget Structure, Company, and Budget Name.

What is an amendment to a budget?

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.

For pdfFiller’s FAQs

What is Budget Amendment Form?

The Budget Amendment Form is a document used to request changes to the existing budget, allowing for the allocation of funds or adjustments to reflect new financial circumstances or priorities.

Who is required to file Budget Amendment Form?

Typically, budget amendment forms must be filed by organizations or departments responsible for managing a budget, including governmental entities, non-profits, and educational institutions, whenever changes to the budget are necessary.

How to fill out Budget Amendment Form?

To fill out the Budget Amendment Form, you must provide the current budget details, specify the changes being requested, justify the amendments, and include any supporting documentation as required by the reviewing authority.

What is the purpose of Budget Amendment Form?

The purpose of the Budget Amendment Form is to formalize and document changes to the budget, ensuring accountability and transparency in financial management.

What information must be reported on Budget Amendment Form?

The information that must be reported on the Budget Amendment Form typically includes the current budget amounts, proposed changes, justification for the amendments, the impact on overall budget, and any associated timelines for implementation.