Virement Authorities

 

(1)        Chief Executive Officers of agencies, other than parliamentary bodies, may authorize the transfer of budgeted funds as follows -

(a)        out from SEGs 1 and 2 (Established and Unestablished Staff) and into non Payroll SEGs (SEGs 3 to 10) ;

(b)        between SEGs 3 to 7 (Travel and Communications, Maintenance and Operations, Purchase of Goods and Services, Operating Grants and Transfers and Special Expenditures); and

(c)         out from operating expenditure (SEGs 1 to 7) and into capital expenditure (SEGs 8 to 10) .

 

(2)               Chief Executive Officers must not authorize the following transfers of budgeted funds:

(a)         into SEGs 1 or 2 (established and unestablished staff);

(b)         from SEGs 8 to 10 (capital expenditure).

 

(3)               Subject to provisions 10-(1) and 10-(2), Chief Executive Officers may authorize the transfers of budgeted funds:

(a)        from one appropriation category to another appropriation category within the agency’s head of appropriation; and

(b)        from one head of appropriation to another head of appropriation provided that both heads are administered by the same Chief Executive Officers

 

(4)               Chief Executive Officers of parliamentary bodies may authorise the transfer of budgeted funds within the agency’s head of appropriation and are not subject to virement restrictions in provisions 10 (1) and 10 (2).

 

(Financial Instructions 2005 s(10))