The assigning of a cost to a particular cost objective. It must be done in a reasonable manner and must be realistic and proportionate to the benefit received. Automatic Carryover Under expanded authorities for research grants, the authority that is delegated to the recipient to move unobligated balances remaining at the end of any budget period to a subsequent budget period which thereby allows for additional expenditures in the subsequent budget period. This is the agreement to contribute funding to a specific project. The time period in which funding is provided for a specific purpose.
Periods are ususally of one year in duration.
Carryforward Unexpended award funds on grants and contracts which are moved to the next budget period. The government agency which, on behalf of all government agencies, is responsible for implementing the requirements of the Single Audit Act. Contract The award intrument. It must contain dates, terms, conditions, consideration, and signatures to be legal. The excess of expenditures over revenues.