When are budget transfers permitted according to the budget schedule?

Budget transfers are typically permitted during the last two months of the year and the first three months of the succeeding year to accommodate necessary adjustments in response to changing financial conditions and operational needs. This time frame aligns with the budget cycle, allowing for sufficient review and modification of budget allocations before the new fiscal year begins. The flexibility during these months helps ensure that funds can be effectively reallocated to meet urgent needs or unforeseen expenses, while also aligning with statutory requirements and enabling better financial management.

The other options do not align with established practices or regulations. For instance, permitting budget transfers only during the first three months of the year restricts necessary adjustments too early in the fiscal cycle. Allowing transfers at any time could lead to misuse of funds or poor financial oversight. Similarly, limiting transfers to a quarterly basis would not provide the needed flexibility to handle ongoing changes in budgetary needs throughout the year.