The Budget Cycle at UCT and its realisation in FM Budget Versions
Budget proposals with iteration and debate: (Versions 1-10). Not yet implemented at UCT.
Budget allocation (permission to spend): (Version 0). Availability check ON in all cases, with zero tolerance (expenditure allowed only when there is sufficient uncommitted balance).
Expenditure / Revenue planning: (Versions 11-20).
Monitoring: variance reporting of actual expenditure / revenue against Budget Versions 11-20.