When are amendments to the budget performed?

Amendments to the budget are typically performed when they are legally approved. This reflects the formal processes that must be followed in governmental accounting and financial management. When a budget is initially adopted, it is usually based on projected revenues and expenditures. However, as the fiscal year progresses, changes in financial circumstances may necessitate adjustments to those plans.

These amendments require a legal approval process to ensure compliance with regulations and policies governing public financing. Legal approval might involve a vote by the governing body, such as a city council or board of supervisors, which ensures accountability and transparency in the management of public funds.

Thus, while amendments might be needed at various points throughout the fiscal year due to unforeseen changes or needs, the crucial aspect is that they must have the proper legal endorsement to be valid and enforceable. This highlights the importance of legal oversight in public sector budgeting, ensuring that funds are managed responsibly and in accordance with established guidelines.