(1) No expenditure in excess of sanctioned budget provision shall be incurred under any head unless budget allocation of such excess amount is provided by revision of budget or by reappropriation.
10 THE KOLKATA GAZETTE, EXTRAORDINARY, JULY 30, 2008 [Parr I
(2) Quarterly Budget Variance Report in Form 4 shall be prepared and maintained by the Secretary of the Panchayat Samiti and in case of Zilla Parishad by the Secretary or the Financial Controller and Chief Accounts Officer at the end of first six months of the year and placed before the Artha, Sanstha, Unnayan O Parikalpana Sthayee Samiti. This report shall indicate that the expenditure incurred to date under various heads of accounts is within the allocation provided in the budget or if on any occasion the expenditure exceeds the budgeted provision, the head’of account from which the excess amount shall be drawn has been clearly shown. Whenever the Panchayat Samiti or Zilla Parishad considers a proposal for expenditure, the aforementioned officer shall verify the Budget Variance Report for availability of fund and on being satisfied that sufficient budget allocation is available, he shall place the proposal before the Artha, Sanstha, Unayan O Parikalpana Sthayee Samiti for consideration. Updated entries of various expenditures in the Budget Variance Report shall be made on the basis of Cash Book, Subsidiary Cash Book and Form 27 of the West Bengal Panchayat (Zilla Parishad and Panchayat Samiti) Accounts and Financial Rules, 2003.
CHAPTER IV Miscellancous