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Reallocation of funds

Belize City Council (Accounting) Regulations, reg. 9 · Revised Edition 2020

Where, as a result of circumstances which could not have been foreseen when the annual estimates were framed, additional provision is required on a particular subhead and equivalent savings can be made on another subhead, the City Administrator may apply to the Mayor for reallocation between these subheads. If the Mayor is satisfied that sound reasons exist for the additional expenditure thus involved to be incurred upon the “receiving” funds. 140 Belize City Council subhead he may, subject to the limitations in regulation 10 authorise such reallocation.
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