Budget and expenses.

CFR · 2024-01-01 · US · Title 7

(a)(1) At least 60 days prior to the beginning of each fiscal year, and as may (i) A statement of objectives and strategy for each program, plan, or project; (ii) A summary of anticipated revenue, with comparative data for at least one preceding year; (iii) A summary of proposed expenditures for each program, plan, or project; and (iv) Staff and administrative expense breakdowns, with comparative data for at least one preceding year. (2)(i) Subject to paragraph (a)(2)(ii), any amendment or addition to an approved budget must be approved by the Secretary, including shifting of funds from one program, plan, or project to another. (ii) Shifts of funds which do not cause an increase in the Council's approved budget and which are consistent with governing bylaws need not have prior approval by the Secretary. (b) The Council is authorized to incur such expenses, including provision for a reasonable reserve, as the Secretary finds are reasonable and likely to be incurred by the Council for its maintenance and functioning, and to enable it to exercise its powers and perform its duties in accordance with the provisions of this subpart. Such expenses shall be paid from funds received by the Council. (c) The Council shall not use funds collected or received under this subpart to reimburse, defray, or make payment of expenditures incurred in developing, drafting, studying, lobbying on or promoting the legislation authorizing this subpart. Such prohibition includes reimbursement, defrayme

official document · source cfr-2024 · id 7:§ 1209.50