Is a Cost of Living Allowance (COLA) allowable in budgets for years 2-5?
A COLA can be built into future year budgets using grant funds, as long as the increase does not result in a budget that exceeds the limits of the award amount. You would have to decrease some budget item(s) in order to have funds for the COLAs if you took them out of grant funds. If you have funds from other sources, you could use those for COLAs.
