Thread: Excess Funds

  1. #1
    MembersZone Subscriber

    Join Date
    Dec 2003
    Location
    N.W. Iowa
    Posts
    196

    Default Excess Funds

    I am wondering about excess funds and their use. I know you can spend up to the 5000 without contacting anyone from the AFG. But what if you have more than the 5000 left over. Do they usually let you use it? Do you have to give it back? Or is on a case by case basis. Thanks for any input.

  2. #2
    MembersZone Subscriber

    Join Date
    May 2000
    Location
    SW MO
    Posts
    4,249

    Default

    Quote Originally Posted by imafireman View Post
    Anything under $4750 can be spent to extend your program, but as Jam said, I would still get approval prior to the purchase. Any federal funds over that amount cannot be spent prior to approval, and it can only be used towards fire prevention and safety. You will have to file an amendment to do this.
    If it's a 2009 grant, I believe 50% can be used for training, up to $5000 (including your match) to further the project, and anything else must be spent on fire prevention projects.

    It's always best to make contact with them and get an approval in writing, just to CYA. When I did our excess funds for our 2008 grant, I submitted the required amendment for the fire prevention project and included a description of our intent for the remaining funds. No problems getting it approved.

  3. #3
    Forum Member

    Join Date
    Mar 2008
    Location
    Long time no Sea
    Posts
    2,253

    Default

    As I understand it, any less than $5,000 and you can spend it along the lines of your project or fire prevention programs.

    Any excess over $5,000 and you need to contact AFG.

    If it were me, I would contact them anyway (by phone) no matter if you have less than $5,000 or over $5,000 in excess funds, then followup by sending and email and requesting an email reply. Why not? That way you have a paper trail confirmation and will sleep for the next three years.

    I'm always a believer in calling the AFG help desk or regional GMS. They can't eat you.

  4. #4
    Forum Member

    Join Date
    May 2003
    Location
    Alum Bank, PA
    Posts
    580

    Default

    Anything under $4750 can be spent to extend your program, but as Jam said, I would still get approval prior to the purchase. Any federal funds over that amount cannot be spent prior to approval, and it can only be used towards fire prevention and safety. You will have to file an amendment to do this.

  5. #5
    Forum Member

    Join Date
    Mar 2008
    Location
    Long time no Sea
    Posts
    2,253

    Default

    Think they'd let me use the excess for grant training? (no)

  6. #6
    MembersZone Subscriber

    Join Date
    May 2000
    Location
    SW MO
    Posts
    4,249

    Default

    Quote Originally Posted by imafireman View Post
    Anything under $4750 can be spent to extend your program, but as Jam said, I would still get approval prior to the purchase. Any federal funds over that amount cannot be spent prior to approval, and it can only be used towards fire prevention and safety. You will have to file an amendment to do this.
    If it's a 2009 grant, I believe 50% can be used for training, up to $5000 (including your match) to further the project, and anything else must be spent on fire prevention projects.

    It's always best to make contact with them and get an approval in writing, just to CYA. When I did our excess funds for our 2008 grant, I submitted the required amendment for the fire prevention project and included a description of our intent for the remaining funds. No problems getting it approved.

  7. #7
    MembersZone Subscriber

    Join Date
    Jan 2005
    Posts
    3,748

    Default

    Regardless of the amount; using excess funds to create or expand a fire or injury prevention project requires an amendment.

    50% of the excess funds can be used for training and/or wellness/fitness requires an amendment.

    Pg. 63-64 of the PG explains all 4 options.

  8. #8
    MembersZone Subscriber

    Join Date
    Dec 2003
    Location
    N.W. Iowa
    Posts
    196

    Default

    Thanks everyone. I will see where we are at exactly when it is all done. Looks like I will need to contact the AFG, will probably do so anyway. I like the thought of having a paper trail.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Excess cost vs excess funds
    By OsbornFPD in forum Federal FIRE ACT Grants & Funding
    Replies: 9
    Last Post: 04-13-2010, 11:27 PM
  2. Excess funds error in closeout
    By mgreco in forum Federal FIRE ACT Grants & Funding
    Replies: 6
    Last Post: 03-26-2010, 11:21 PM
  3. Reductions and excess funds
    By OsbornFPD in forum Federal FIRE ACT Grants & Funding
    Replies: 8
    Last Post: 02-22-2010, 11:05 PM
  4. Excess funds
    By ksmith31 in forum Federal FIRE ACT Grants & Funding
    Replies: 19
    Last Post: 02-14-2007, 06:03 AM
  5. Problems With Spending Excess Funds, Help Please
    By snorkel4 in forum Federal FIRE ACT Grants & Funding
    Replies: 24
    Last Post: 01-19-2006, 07:38 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Log in

Click here to log in or register