Common use of Budget Adjustments Clause in Contracts

Budget Adjustments. The Grantee shall identify budget changes on its Financial Reports submitted to the Authority. At least quarterly, the Authority will compare actual costs to budgeted distributions based on the Financial Report/Request for Reimbursement form. Costs charged to grant funds must reflect adjustments made as a result of the activity actually performed. The budget estimates or other distribution percentages must be revised at least quarterly, if necessary, to reflect changed circumstances.

Appears in 5 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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