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Is there a penalty for returning funds or excess funds?

excess funds penalty returning
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Is there a penalty for returning funds or excess funds?

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No, there is no penalty for returning funds. However, it is our preference that grantees expend all awarded funds on eligible expenditures, including fire prevention activities.TopIf our department was contacted by the Program Office during the approval process and negotiated to a lower number of a particular item, but then after purchasing everything, had additional funds, can we purchase the original “pre-negotiated” number of items?No. If the program office negotiated a lower number of items, it was because the Program Office Subject Matter Specialists determined that the original request contained either excessive or duplicative equipment. Saving funds does not eliminate the rationale for the reduction in items. For example, a department with 10 active members sought 20 sets of turnout. The Program Office reduced the request to 10 because purchasing a second set of gear is a poor use of limited grant funds when so many other departments have unmet needs.

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No, there is no penalty for returning funds. However, it is our preference that grantees expend all awarded funds on eligible expenditures, including fire prevention activities. Top If our department was contacted by the Program Office during the approval process and negotiated to a lower number of a particular item, but then after purchasing everything, had additional funds, can we purchase the original “pre-negotiated” number of items? No. If the program office negotiated a lower number of items, it was because the Program Office Subject Matter Specialists determined that the original request contained either excessive or duplicative equipment. Saving funds does not eliminate the rationale for the reduction in items. For example, a department with 10 active members sought 20 sets of turnout. The Program Office reduced the request to 10 because purchasing a second set of gear is a poor use of limited grant funds when so many other departments have unmet needs. If this department recei

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No, there is no penalty for returning funds. However, the Foundation prefers that grantees expend all awarded funds on eligible expenditures.

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