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LETTERING LOCAL MUNICIPALITY FIREMEN POLICYLetsemeng Local MunicipalityVIREMENT POLICY1 OF 9LETSEMENG LOCAL MUNICIPALITY FIREMEN POLICY1. Definitions Accounting Officer The municipal manager is the
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Letsemeng Local Municipality virement refers to the process of reallocating budgeted funds within the municipal budget in response to changing needs or priorities.
The municipal officials and budget managers responsible for financial planning and management within Letsemeng Local Municipality are required to file the virement.
To fill out the virement form, one must specify the funds being reallocated, indicate the source and destination of the funds, provide reasons for the virement, and obtain necessary approvals from relevant authorities.
The purpose of letsemeng local municipality virement is to allow for flexibility in financial management, ensuring that funds can be redirected to areas of need without requiring a complete budget amendment.
The virement report must include details of the original budget allocations, the amounts being moved, the new allocations, reasons for the virement, and any approvals or signatures required.
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