What are the requirements for having the match secured?
One-half of the match must be secured at the time of application and before the grant agreement is drafted. After the grant agreement has been drafted, the applicant/grantee must document that 100 percent of the match is readily available before the Office of the Budget will start the reimbursement process. Signed pledges that are not yet received may count as the secured match only before the grant is drafted. Afterward, evidence of the availability of the match (a cash receipt) must be demonstrated. 33. Our award is for $2 million, but our special conditions state that we need to document a secured match for $4 million. Why do we need to document a match for more than the $2 million grant amount if the total project amounts to $6 million? You are required to document any and all of the match necessary to complete the project. Your total project cost is $6 million and the grant is $2 million; therefore, you would need to document a match of $4 million, which is the balance of the proj
