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1 . 1 With reference to the case study, explain how the increased electricity charges impact budgetary controls, budget monitoring and the budget reporting for
With reference to the case study, explain how the increased electricity charges impact budgetary controls, budget monitoring and the budget reporting for the Chief Financial Officer of the public entity.
The midterm budget approval allowed the Chief Financial Officer to increase the budget on electricity expenses by reducing the infrastructure budget allocation earmarked for the development of a water reticulation and purification site. Discuss how the amended budget affects the performance management system and the performance measurement reporting of the public entity for the current fiscal year, as well as the approved project life.
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