Budget Expenditures This is not what you budgeted for the year – it is what you actually spent. Note: You all received at least 2 years of money up front but need to be within you Year 1 budget. You’ll need to explain underspending later in budget narrative.
Indirect Cost Questions If you can’t answer the questions related to indirect costs, you probably should reconsider taking them. Indirect costs cannot exceed 10%. See information provided from RESNA webinar.
Project Status Chart Report on those objectives for Year 1 only. If you will achieve objective after the report is due but before Year 2 begins, report in Year 2. Report on those objectives essential to the progress of your program.
Explanation of Progress Did you achieve the stated objective? If not, why not? What will you do to achieve it and by when? Or, why should this objective be eliminated? Will it be replaced with something new? If replacing, what will you do to achieve it and by when?
Carryover of Funds If you did not use all of your Year 1 budget: –“a grantee may expend funds that have not been obligated at the end of a budget period for obligations of the subsequent budget period if... the obligation is for an allowable expense that falls within the scope and objectives of the project” (EDGAR).