Date Published: February 2015
Activity budgets and obligations will include but not specify program income expected to be used in addition to grant funds. This will allow users to identify aggregate budgets and obligations so that they only have to distinguish between program funds and program income during the voucher process. In this way, grantees should have to spend less time adjusting activity budgets to accommodate program income.
Math rules for budgets and obligations will now use Total Drawn Amount instead of Total Program Funds Drawn. Grantees can increase obligations up to the amount of the activity budget (as always), but can only reduce obligations down to the total amount drawn. If the amount of funds obligated appears to be insufficient to support estimated draws from program income and program (grant) funds, grantees may need to update activity budgets to include the amount of program income they expect to disburse for the activity.