Reference document

Title
Secure Interim Financing
Description

If the annual budget estimates cannot be approved, the relevant finance committee may approve appropriations required to meet (a) operating expenditure for each quarterly period to be covered, in a global amount of one quarter of the total credit authorised for operating expenditure in the preceding budget, on the understanding that the allocation from this global amount to the appropriate groupings of the budget shall not normally exceed one twelfth per month of the appropriations approved for the same groupings in the preceding year; (b) capital expenditure, insofar as it concerns items accepted by the committee as an urgent requirement; (c) any other expenditure required to maintain critical operations or programmes. The powers of provisional authorization delegated to the relevant finance committee shall be limited to the first two quarters of the year. Extension of provisional authorization beyond this period shall require approval by the Alliance Council or appropriate governing body as applicable.

Level
7
emUUID
d26d999f-d061-432e-9f28-e09e16628353
Parent
Budget Preparation and Approval Processes