Budget Revisions definition

Budget Revisions. The breakdown of costs of the Grantee’s Budget is contained in Exhibit A, which is attached and incorporated into this grant agreement. As stated in the Grantee’s Application and Grant Program Guidelines, the Grantee will submit a written change request for any substitution of budget items or any deviation and in accordance with the Grant Program Guidelines. Requests must be approved prior to any expenditure by the Grantee.

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Budget Revisions. The Grantee shall follow prior approval requirements for budget revisions found in 44 CFR 13.30. Transfer of funds between total direct cost categories in the approved budget shall receive the prior approval of FEMA when such cumulative transfers among those direct cost categories exceed ten percent of the total budget. If a Grantee estimates that it will have obligated funds remaining after the end of the performance period, the Grantee must report this to the FEMA Regional Office at the earliest possible time and ask for disposition instructions. CLOSE OUT: Reports Submission: Per 44 CFR 13.50, when the appropriate grant award performance period expires, the Grantee shall submit the following documents within 90 days: (1) a final Financial Status Report (FF 20-10), (2) final program performance report,

Budget Revisions has the meaning set forth in the Circular.

Examples of Budget Revisions in a sentence

• Project Budget Revisions: Adjustments to the Approved Project budget that do not require an increase or reduction of the total Approved Project budget, a change in National Objective, or a change in the type and/or count of estimated beneficiaries assisted, may be completed as a Project budget revision.

• Budget Revisions are only applicable to Contract funding changes, e.g. budget increases or decreases.

• Budget Revisions are changes made to the detailed negotiated budget by the approved parties and submitted to the County.

• Agreement Budget Revisions: Adjustments to the Subrecipient Allocation that result in an increased or a reduced total budget shall require an Agreement amendment.

• See Section 3.02.02-Total Amount of Funds and Budget Revisions, for additional requirements.

• Any questions regarding the contract, including, but not limited to: Budget Revisions, Invoices, Reports, etc.

• Note: Internal Contract Revisions are NOT the same as Budget Revisions.

• The Grantee shall follow prior approval requirements for Budget Revisions found in the Emergency Management and Assistance Regulations, 44 CFR Part 13.30.

• Budget Revisions do require a change to the invoice template to reflect the movement of funding between line-items (which then roll up into expense categories, e.g., Operating Expenses), or between Expense Categories.

• Approved Budget Revisions and Budget Amendments supersede prior conflicting or inconsistent agreements with regard to the referenced Project Budget.

More Definitions of Budget Revisions

Budget Revisions. WC may make adjustment(s) among approved cost categories (reimbursable and/or match) without prior approval from TPWD only if total dollar figure for adjustments does not exceed 10 % of total annual reimbursable budget. However, certain types of post-award changes in budgets and projects shall require the prior written approval. Refer to 2 CFR §200.308(c)(1)-(8) for additional information on the types of changes that require prior written approval. Requests for budget revisions shall be submitted to ▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ for review. Travel: Expenditures for travel and travel-related expenses that are eligible for reimbursement will be reimbursed at the official rate authorized by the State of Texas located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇.▇▇▇/fmx/travel/textravel/rates/current.php. Such cost must be charged on an actual cost basis up to, but not to exceed, the per diem rates as applicable. Certain expenditures may be reimbursed at either an actual cost basis or the per diem rates according to the Performing Entity’s Tips or gratuities and purchase of alcohol are not reimbursable expenses. Backup documentation as required by the Performing Entity’s travel policy must be submitted with reimbursement request. It is the Performing Entity’s responsibility to notify TPWD of any changes to their travel policy.

Budget Revisions. Jefferson County may make adjustment(s) among approved cost categories (reimbursable and/or match) without prior approval from TPWD only if total dollar figure for adjustments does not exceed 10% of total annual reimbursable budget. However, certain types of post-award changes in budgets and projects shall require the prior written approval. Refer to 2 CFR 200.308 (c)(1) for additional information on the types of changes that require prior written approval. Requests for budget revisions shall be submitted to ▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ for review.