Unexpended Balances Sample Clauses
The Unexpended Balances clause defines how any remaining funds or budget amounts that have not been spent by the end of a contract or project are handled. Typically, this clause specifies whether the unspent money must be returned to the funding party, can be carried over to a subsequent period, or may be reallocated for other approved uses. For example, in a grant agreement, unexpended balances might need to be refunded to the grantor, or in some cases, the recipient may request permission to use the funds for related activities. The core function of this clause is to ensure financial accountability and prevent misuse of funds by clearly outlining the disposition of leftover resources.
Unexpended Balances. With the exception of funding received under Grants E and P, the Grantee shall refund to the Department, no later than November 1 in the next fiscal year, any unexpended funds from any grant that are allocated and received under the Contract if the funds are unencumbered by August 31 of a given fiscal year and unexpended by November 1 of the next fiscal year.
Unexpended Balances. The unexpended balance of moneys paid to the Commission by Contracting Governments pursuant to sub-clause 69(1) in any financial year:
Unexpended Balances. In the event that the amounts stated in Sections A, B, and/or C of this Article are not expended in any one (1) year, the surplus for that year will be added to the amount provided for this purpose in the following year.
Unexpended Balances. No later than November 1 of each year, ▇▇▇▇▇▇▇ shall refund to TJJD all unexpended funds from any grants that were allocated and received under the Contract if the funds are unencumbered by August 31 of a given fiscal year and unexpended by November 1 of the next fiscal year. This does not apply to funds received under JJAEP.
Unexpended Balances. (1) The unexpended balance of moneys paid to the Commission by Contracting Governments pursuant to sub-clause 69(1) in any financial year—
(a) shall, with the approval of the Ministerial Council, be available for expenditure during the ensuing financial year upon any item in the annual or supplementary estimates for
(i) the year in which the moneys have not been expended;
(ii) that ensuing financial year;
(b) may be used to reduce the amounts which would otherwise be payable by each Contracting Government under sub-clause 69(1) in that ensuing financial year.
(2) The Commission must notify Contracting Governments of any unexpended balances held by it at the end of any financial year.
(3) The unexpended balance of moneys contributed by a Contracting Government must only be expended on items to which that Contracting Government is obliged to contribute under clause 65.
Unexpended Balances. A subrecipient may request an advance to cover expenditures in the final reporting period of a subaward but the final actual expenditures may be less than the advance requested to cover the expenditures for the grant program. The subrecipient may not retain the net balance of the advance or utilize the funds to cover other expenditures. The subrecipient will be required to return the balance of the advance.
Unexpended Balances. Unexpended APDA balances will be carried forward automatically for each member for future professional development use up to the maximum. Upon departure from the Association, unexpended balances in an APDA will be transferred to any of the three (3) funds: the ASPA Scholarship Fund, the ASPA Award Fund or the ASPA Tuition Reimbursement Fund. The specific allocation of funds will be determined by the Association.
Unexpended Balances. (1) Any unexpended balance of moneys paid to the Authority by Contracting Governments must only be expended under this Agreement in accordance with the corporate plan.
(2) The Authority must notify Contracting Governments of any unexpended balances of moneys referred to in sub‑clause (1) held by it at the end of any financial year.
Unexpended Balances