Transfer of existing Funding/Carryover 

Transfer of existing funding for award is when the balance of unused funds at the end of a Budget Period is transferred (or carried forward) into the following Budget Period. Some sponsors allow automatic carry forward of funds from year to year, others require prior approval. Carryover requests that require prior approval must be coordinated through sponsor/grantor/company.

  • Amount of funds to be carried forward.
  • Explanation of the unobligated balance (why did the budget not match expenditures?)
  • Detailed budget of carryover amount (how are these funds going to be spent?)
  • Scientific justification (how will this carryover impact/benefit the award?)