Thread: Extra Money

  1. #1
    Forum Member

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    May 2004
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    Default Extra Money

    I know you can spend up to 5k left over to continue your project.

    1. If you spend the 5k, do you have to match it (if your match is 20% you would have to spend 7k total)?

    2. Do you have to get approval to spend the extra money?

    thanks

  2. #2
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    Default

    Quote Originally Posted by CTJAKE View Post
    I know you can spend up to 5k left over to continue your project.

    1. If you spend the 5k, do you have to match it (if your match is 20% you would have to spend 7k total)?

    2. Do you have to get approval to spend the extra money?

    thanks
    1) Yes, per the PG:

    Any use of excess funds must be cost-shared in the same fashion as other eligible expenses and disclosed in your reports (i.e., mid-term performance report and final closeout).
    2) No, as long as you are continuing the project you have been approved for. If you decide to spend the excess funds on a FP program, that requires prior approval before spending the funds.

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