Budget Revisions
An email from the PI is required in order to initiate the budget revision process.
Verification that this action is allowable via the contract is completed.
Some things to consider when requesting a budget revision:
- How will the budget revision affect line item totals?
- How this will affect the Indirect Cost line item (if the project has IDC)?
- If the line item that the funds are being pulled from was not included in the IDC calculation, and moved into a line item that hits for IDC, then the transfer will have to include the IDC % (per contract) when completing the revision
- Salary and fringe line item
It is CKWRI policy that agency approval is received regardless if contract allows the transfer. This is due to the possible change in scope of work.