Common use of Budget Modifications Clause in Contracts

Budget Modifications. The Applicant will obtain an approved budget amendment when it is anticipated that claimed expenditures will vary significantly from the amount in the current approved budget. A significant variance is an increase of 10 percent (summary of all line items) of the current total approved budget [2 CFR § 200.308(e)].

Appears in 9 contracts

Sources: Agreement for Title I, Part D, Subpart 2 Services, Professional Services, Title I, Part D, Subpart 2 Services Agreement