When can "Appropriation Transfers" be made for the current fiscal year?

"Appropriation Transfers" can be made during the first three months and the last two months of the budget year. This policy allows for flexibility in budget management, enabling municipalities to adjust their allocations in response to changing needs or circumstances that arise within those specific time frames.

During the early part of the fiscal year, local governments may find it necessary to redistribute funds as they refine their financial plans based on actual expenditures and unanticipated requirements. Similarly, towards the end of the fiscal year, municipalities can adjust appropriations to ensure that any remaining funding is allocated effectively, preventing any lapses in service or project funding.

The restriction to these time periods helps maintain financial controls and oversight over public funds, ensuring that changes are tracked and accounted for within a manageable and predictable context. This approach fosters accountability and helps in planning for future budgets.