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| c. Budget Revisions
During the course of the project, the PI/PD may find it necessary and appropriate to re-allocate sponsor-approved budget line items. Most awards allow for some degree of flexibility for the PI/PD and/or UNH to make such changes within certain thresholds. For example, the terms and conditions of an award may allow the awardee to reallocate up to 25% of the total approved budget to increase the supplies budget and decrease the equipment budget. If a desired rebudgeting would result in a change in project scope, the PI/PD must obtain prior sponsor approval. The PI/PD should carefully review the award terms and conditions to understand how much flexibility is allowed. If sponsor pre-approval or notification to the sponsor is required before budget revisions can be made, the PI/PD must contact the OSR GCA* for assistance. The PI/PD should be aware that some sponsors do not allow budget revisions within the last few months of an award. *PIs/PDs in EOS should contact their BSC. |