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Home My Public Portal AboutADM-131.1_Budget Transfer Policy_Effective 06-24-2021 City of Lebanon New Hampshire ADMINISTRATIVE POLICIES & PROCEDURES BUDGET TRANSFER POLICY Policy Number Effective Date Last Revision Page No. ADM-131.1 Previous 14-03-A 6/24/2021 3/19/2014 Page 1 of 2 Approved by: Section 1.0: Purpose To review the nature of operating and capital budgetary transfers and to identify the authorizing authority for effecting transfers with a view toward ensuring that: actual expenditures and related encumbrances do not exceed total fund appropriations; the classification of expenditure data is accurate and consistent; all relevant City policies are adhered to. Section 2.0: Scope This policy applies to all departments of the City. Section 3.0: Definitions Section 4.0: Policy Detail Operating Budget Intra-and Interdepartmental Transfers of Unobligated Budget Authority - Departments may make intradepartmental transfers with City Manager approval; the City Manager may make interdepartmental Transfers with City Council approval. Capital Budget Intra- and Inter-project Transfers of Unobligated Budget Authority - The Finance Director is authorized to make intra-project transfers; The City Manager is authorized to make inter-project transfers not involving bond or note proceeds. Capital Improvements Budget Transfers Involving Bond or Note Proceeds - City Council approval required. Interfund Capital Improvements Residual Equity Transfers- The City Manager is authorized to transfer the funded balance of a project to the operating fund responsible for financing. Section 5.0: Procedures Section 6.0: References (Charter/Code/State Statues) DocuSign Envelope ID: E57A32C8-889C-4DF2-8440-B0D4A7615877 City of Lebanon New Hampshire ADMINISTRATIVE POLICIES & PROCEDURES BUDGET TRANSFER POLICY Policy Number Effective Date Last Revision Page No. ADM-131.1 Previous 14-03-A 6/24/2021 3/19/2014 Page 2 of 2 Approved by: 1. City Charter provision § C419:45 Transfer Of Appropriations. 2. NH RSA 33:3-a Use of Bond Proceeds Section 7.0: Policy & Procedure Revision History Section Revisions Date Original Adoption 12-02-A 6/14/2012 Amendment 14-03-A 3/19/2014 Amendment ADM-131.1 Reformatted, references added. Extraneous verbiage removed 6/24/2021 Amendment DocuSign Envelope ID: E57A32C8-889C-4DF2-8440-B0D4A7615877