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OVERBORE DISTRICT MUNICIPALITY FIREMEN POLICY Reviewed: May 2020Council Resolution No: Date: 25 May 2020 Municipal Manager: Executive Mayor Reference No:6/1/1/Municipal Code No: PV01.5 (Policy now
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Virement policy - overberg refers to the guidelines and procedures set in place for transferring funds from one budget category to another within the Overberg organization.
All department heads and budget managers within the Overberg organization are required to file the virement policy as per the guidelines.
To fill out the virement policy - overberg, department heads and budget managers must provide details on the reason for the transfer, the amount being transferred, and the impact on the affected budget categories.
The purpose of virement policy - overberg is to ensure proper control and oversight of budget transfers to maintain financial stability and accountability within the organization.
The virement policy - overberg must include details on the reason for the transfer, the amount being transferred, the budget categories affected, and any necessary approvals.
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