Explanatory Note on Transfers by Administrative Manager in BEREC Office Budget 2016 in July-September 2016

According to Article 27(1) of the BEREC Office Financial Regulation the Administrative Manager (AM) may transfer appropriations within the BEREC Office budget from one chapter to another and from one article to another without limit, and from one title to another up to a maximum of 10 % of the appropriations for the year shown on the line from which the transfer is made. In compliance with the provisions of Article 27(4) of the afore-mentioned Regulation, the AM has to inform the Management Committee (MC) of all transfers made as soon as possible.