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Deficit

Click here to access the Deficits section of the Post-Award Sponsored Projects Guide on page 38.

Deficits

Expenditures must stay within the budget established for the project and within any specific expenditure guidelines dictated by the sponsor. In the event a project goes over budget, the PI is responsible for initiating the prompt removal of charges to a suitable non-sponsored project. The charges should not be moved to another sponsored project unless the costs represent an error correction and are allowable and allocable for that particular project.

Deficits represent unbudgeted uses of University funds and are detrimental to the campus. It is UMBC’s procedure to obtain departmental resources to cover any sponsored award deficits that are not resolved.

Additional information about UMBC procedures relative to deficits on sponsored projects can be found in the Sponsored Award Deficit Monitoring and Resolution Process section of OCGA’s website.