SADC Financial Regulations Effective 1 April 2013 “Unforeseen and Unavoidable Expenditure” means expenditure that at the time of approving the budget could not have reasonably been foreseen and due to its nature (emergency or other exceptional circumstances) is considered necessary; ‘‘Vote’’ means: (a) one of the main segments into which a budget of SADC is divided for the appropriation of money for the different functional areas established in reference to the SADC Secretariat organisational structure as either a Directorate or a Unit; and (b) which specifies the total amount that is appropriated for the purposes of achieving the objectives of the functional area; ‘‘Virement’’ means the movement of funds between one KRA to another within the same vote and should be in accordance and within the threshold stipulated for virement as outlined in Regulation 31. This action requires the approval of the Accounting Officer. Virement within the specified limits does not require Council Approval; Page 13 of 100