SADC Financial Regulations Effective 1 April 2013
“Reporting Currency” means the currency used by SADC and is the United
States Dollar (US$);
“RISDP and SIPO” means the Regional Indicative Strategic Development Plan
and Strategic Indicative Plan for the Organ approved to provide strategic
direction with respect to SADC programmes, projects and activities;
“Protocol” as defined in Article 1 of the Treaty means a SADC instrument of
implementation established under the provisions of the Treaty and includes any
amendment thereto;
“SADC” means Southern African Development Community and its Institutions
established under Article 9 of the Treaty;
“Shifting of funds” means the movement of funds between one vote and another
and would require an adjustment budget approval and a council resolution;
“Supply Chain Management” includes activities relating to: demand
management; acquisition management; Logistics management; disposal
management; risk management; and supply chain performance.
“Temporary Budget” means a budget authorised by the Accounting Officer and
approved by the Chairperson of Council in terms of Regulation 30(2);
“The Summit” means the Summit of the Heads of State or Government of
SADC established by Article 9 of the Treaty;
“Treaty” means treaty establishing SADC as Amended;
‘‘Unauthorised Expenditure’’, means any expenditure incurred by SADC
otherwise than in accordance with the criteria set out under Part IV of these
regulations concerning the Budget and includes:
(a) overspending or overcommitting of the total amount appropriated in the
SADC’s approved budget;
(b) overspending or overcommitting of the total amount appropriated for a vote in
the approved budget;
(c) expenditure from a vote unrelated to the department or functional area covered
by the vote;
(d) expenditure of money appropriated for a specific purpose, otherwise than for
that specific purpose;
(e) spending of an allocation otherwise than in accordance with any conditions of
the allocation; or
(f) a grant by SADC otherwise than in accordance with these Regulations;
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