Budget Flexibility. Budget revisions between identified budget categories in cost reimbursement agreements that are within the total contract amount are allowed as described below: Up to 10% of each annual budget amount or $10,000, whichever is less, is allowed with approval of the Grant Manager. Exceeding 10% or $10,000, whichever is less, of the last approved budget will require: the Grant Manager’s prior approval; and a formal amendment to this Agreement. The Recipient shall submit a revised budget to the GRANTOR for approval. Budget transfers that would cause any portion of the funds to be used for purposes other than those consistent with the original intent of this Agreement are not allowed. Notwithstanding the above provision, the GRANTOR may proceed with a formal amendment to this Agreement for budget revisions.
Appears in 5 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
