Common use of Budget Review Clause in Contracts

Budget Review. The grant funds will not be disbursed until a completed Annual Budget Application (located in the Grant Manager web-based system) for all applicable grants funded under the Contract is received and approved by the Department. The Department shall review all budgets for completeness, reasonableness, and accuracy. Incomplete or incorrect budgets may be returned to the Grantee for correction. Projected expenditures will be compared with actual expenditures from prior years and adjustments may be made to current allocations.

Budget Review. The grant funds will not be disbursed until a completed Annual Budget Application (located in the Grant Manager web-based system) for all applicable grants funded under the State Financial Assistance Contract is received and approved by the Department. The Department shall review all budgets for completeness, reasonableness, reasonableness and accuracy. Incomplete or incorrect Incorrect budgets may be returned to the Grantee for correction. Projected expenditures will be compared with actual expenditures from prior years and adjustments may be made to current allocations.