Anticipated Pause on Carry Forward Funding
Federal agencies are currently facing substantial financial constraints, prompting agency heads to implement cost-cutting strategies across various programs.
The University is likely to begin seeing agency-specific guidance modifying pre-existing rules around carryforward provisions.
In response to these fiscal pressures, research leaders at the University are advising researchers to closely align their expenditures with the planned project timelines.
By synchronizing spending with project milestones and deliverables, teams can minimize the need to request carryforward funding and reduce the amount of unspent funds that must be rolled over into future budget periods.
Failing to do so – particularly by accumulating unspent grant funds – can raise red flags with funding agencies. Such practices may jeopardize future funding by signaling a lack of progress.
Managing budgets proactively can help researchers safeguard their current and future funding while demonstrating responsible financial management.