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Budget and Financial Guidelines

Budget Modifications

Budget Modifications

Budget modifications are not always required when the total change to a budget category is expected to exceed 10%; it is dependent upon the status of that year’s FERs. When the FER and COFER become live, budget modifications are no longer permitted. The ISD is required to contact the assigned consultant to determine if the proposed modification is necessary and approvable. ISDs are required to submit a note within the FER when budgeted categories have a variance of over 10%. The ISD should provide the policies and procedures to subrecipients for local budgets to minimize excessive variances and ensure accurate budgeting practices.
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