Reference document

Title
Commitments, Contract Authority and Carry Forward
Description

On approval of their annual and supplementary budget the Heads of Alliance bodies, subject to the concurrence of the Financial Controller, are (a) authorized to enter into commitments for goods and services to be rendered during the financial year; (b) authorized to make payments in relation to the appropriations which have been approved and within the limits of such appropriations; (c) authorized to enter into contract authority to incur legal obligations in the current financial year for the provision of goods and services for contracts in future financial years. These legal obligations will be reflected as commitments in future years and not against appropriated funds in the current financial year; (d) required to cancel unused contract authority at the end of the financial year for which it was granted.

Level
7
emUUID
bf196983-57ab-4fff-b430-236bd7c8f361
Parent
Financial Management Process