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  • Budget Revision Form (for Fy11) - Slu

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D Account Description Increase Org Position UMG 17.25% Full-time 33.25% Part-time 15.75% Amount Fringes Total $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Increase Total: Fund $0 Account Description Decrease Org Position Amount Fringes Total $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Decrease Total: $0 Increase Less Decrease: $0 Document Total: $0 Comments: Requested By: Date: Approved by Dean or Department Head Date: Approved By (Vice President): Date: Approved by Provost D.

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It's wise to reevaluate your budget if you have new financial goals, your income or expenses have changed, or you've been hit with surprise costs. It's also good practice to check in on your budget regularly to ensure that your spending and income are aligned.

A Budget Revision (BR) moves budget authority (expenditure, revenue or both) between allocations, NCHEMS, funds, orgs, accounts, program codes or any combination of these. The net effect of any budget revision is to increase budget authority in one accounting location while decreasing it in another.

Expert-Verified Answer. Explanation : Frequent revision of budgets can both affect its reliability and increase accuracy. Revising budgets frequently can affect its reliability as it may indicate that the initial budget was not well-planned and lacks accuracy.

A budget revision occurs when a Section 1115 grant recipient requests to move funds between direct-cost categories in an approved budget. A written request for budget revision approval should be directed to the ACF Office of Grants Management within 30 days of the proposed change.

Budget Revision Procedure: Occasionally, a project's financial resources need to be reallocated due to the nature and progress of the research. For example, a piece of equipment may become unnecessary, while another expense becomes necessary, or the scope of the project might change due to unforeseen circumstances.

Budget realignment is the process of adjusting the original awarded budget. There are many considerations in determining if a budget can be realigned, including departmental and college restrictions. Agency or sponsor regulations are the prime determinant if realignment is permitted and within what parameters.

Budget Revisions may be necessary if the current planned expenditures differ from the original or most recent budget approved by the sponsor. Reasons for revising a budget include increases (or decreases) in funding amounts or to reallocate budgeted funds between cost categories within a project.

For instance, a budget revision is needed when a project has a change in scope. This occurs when the grant recipient wants to change the objectives or purposes identified in the approved application.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232