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Get Application For Virement
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How to fill out the Application For Virement online
The Application For Virement is a crucial document for requesting the transfer of funds within budgets. This guide provides a step-by-step approach to help you complete the form accurately and efficiently online.
Follow the steps to successfully complete the Application For Virement online.
- Press the ‘Get Form’ button to access the Application For Virement and open it in your document management system.
- Enter the Ministry Serial Number in the designated field. This identifier is essential for tracking your application.
- Fill in the File Reference, which helps link your application to any prior correspondence or documentation.
- Input the Date of application submission to ensure proper processing timelines.
- In the section titled 'Application is made for virement of funds to:', specify the purpose of the funds you wish to transfer.
- Indicate the savings to be released from by filling in the relevant allocations. Make sure to list all applicable allocations accurately.
- Complete the Revised Budget YTD fields for both sections; ensure that figures align with the data from the Financial Management Information System (FMIS).
- List the total expenditure figures as required in both parts by referencing FMIS and ensuring accuracy.
- Calculate the Total Available Balance and enter it in the appropriate fields, again cross-referencing FMIS data.
- State the Amount of Savings to be Applied and finalize the revised budget after adjustment for each section.
- Provide the Reasons for the virement request. It is crucial to be clear and concise about why the funds are being transferred.
- Confirm that the virement will not exceed the estimates for any relevant scheme by including a note if applicable.
- Attach the necessary documentation, including a printout of GL870 and the virement checklist, as required.
- Finalize your application by reviewing all entries for accuracy, saving any changes, and preparing to download or print the completed form for submission.
Begin filling out your Application For Virement online today.
Virement is the process of moving money from one financial account or part of a budget (a plan for how the money will be spent) to a different one. For example, within the Government where one department underspends and another department needs more funding, the funds can be procured through virement.
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