Should we revise a subgrantees budget for program year 2005 if its in year 4 of funding?
No, the new match schedules begin in program year 2006. For purposes of the new match schedule, your subgrantee should consider itself in year 3 for program year 2005. For matching purposes, it will considered year 4 for program year 2006. See the preamble at pages 395-3074 for more discussion of the timetable for increasing match.
Related Questions
- Why is there no Program Development (PD) and/or Coordination (C) funding allocation identified on the Budget Display?
- When is the funding likely to start in terms of planning budget cycles for each year of the grant?
- Should we revise a subgrantees budget for program year 2005 if its in year 4 of funding?
