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A budget revision is often prompted by unexpected expenses, additional funding, or changes in program priorities that require adjustments to the initial budget.
Usually, budget revisions must be reviewed and approved by the board of directors or executive management, following the organization’s financial policies.
Aplos enables users to document, approve, and track budget revisions, maintaining a clear audit trail and ensuring transparency and compliance.
Yes, organizations may revise budgets multiple times during a fiscal year as circumstances and priorities change.