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Grant Management FAQ: Approved Budget

All Requests for Application (RFAs) from the Fund for Veterans Assistance include a definition of approved budget:

Approved Budget. The budget included in a grant application that corresponds with the amount awarded by the Commission.

Explanation

Because some grantees propose costs that are unallowable in their initial application, FVA staff must negotiate the Approved Budget. Unallowed costs are removed from the grant in these negotiations.

Therefore, the Approved Budget may not match exactly with the initial budget submitted with your application.

This means the Approved Budget for your FVA award refers to the allocation of funds agreed upon by grantees and the Fund in your Notice of Grant Award (NOGA), rather than the initial budget submitted as part of your application.

Source:

  • 2019-2020 Request for Applications: Section III, “Definitions of Key Terms” All grants.

Featured Photo Background Source: COMSEVENTHFLT, “120304-N-SD300-019.jpg” on Flickr. Creative Commons license, Attribution Required.

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