Budget Revisions
When does a budget revision need to be processed?
- When the rebudgetary allowability is a “000 No rebudget allowed”, no budget on a category line to which an expense needs to be charged to (see screenshot below)
- When there is an overspend or an underspend on a category line that is not subject to F&A (indirect/overhead) and it affects the direct and indirect lines. Those categories are as follows:
- Building repairs
- Long-term property rental (6 months or more)
- Capital outlay equipment ($5,000 or more)
- Tuition
- When a new sub-award is being added after grant has been awarded
- When a budget increase is being given to an existing sub-award
- When a sub-award is being decreased
- When a no cost extension has been approved with reallocations to the budget
NOTE: If OSR has loaded a budget incorrectly, email the OSR Program Administrator and resadminOSR@unc.edu asking them to correct it. You should not be submitting a budget revision for the correction.
Budget Revision Form Types
- Budget Revision on a Prime –
- A budget revision template for a prime is located: secure/ese_fiscal_office/Forms and Templates/Budget Revision Forms/CC Budget Revision
- A justification has to be given as to why a budget revision is being requested
- The lead PI must sign
- Prime to Sub Budget Revision-
- A budget revision template for a prime to sub is located: secure/ese_fiscal_office/Forms and Templates/Budget Revision Forms/ prime_sub_revision temp
- A justification is not needed
- The lead PI must sign
Send all new budget revisions, via email, to OSR Program Administrator and resadminOSR@unc.edu