Common use of Continuation Application and Funding Clause in Contracts

Continuation Application and Funding. A. Continuation Application i. A report on the Recipient’s progress towards meeting the objectives of the project, including any significant findings, conclusions, or developments, and an estimate of any unobligated balances remaining at the end of the budget period. If the remaining unobligated balance is estimated to exceed 20 percent of the funds available for the budget period, explain why the excess funds have not been obligated and how they will be used in the next budget period. ii. A detailed budget and supporting justification if there are changes to the negotiated budget, or a budget for the upcoming budget period was not approved at the time of award. iii. A description of any planned changes from the negotiated Statement of Project Objectives and/or Milestone Summary Table. B. Continuation Funding