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Is a cost of living allowance (COLA) permitted in the budgets for years two through five?

April 26, 2017allowance budgets Cola COST Living permitted

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Is a cost of living allowance (COLA) permitted in the budgets for years two through five?

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Yes. 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 limit of the award amount. You would have to decrease some budget items in order to have funds for the COLA’s if you took them out of grant funds.