The period of time for which a budget is prepared and during which it is intended to apply. It is customary for the budget period to be one year, but there are exceptions. A project’s budget period may not coincide with its project period, particularly on multi-year projects.
A Budget Extension allows the Principal Investigator (PI) additional time to complete the aims of his/her project without additional funds being provided by the sponsor.
The financial expenditure plan, including any revisions, approved by the sponsor and the University for the project or activity (also known as the working budget or approved budget).
A process by which a change in the approved budget is made. A budget revision may or may not require a budget amendment.
The mechanism used to revise a formally approved budget to make changes to it during the project period.
Books and journals normally found in the University libraries are generally treated as F&A costs. A request to purchase books and journals on a federal award must be justified and approved by SPA in order to charge the cost as a direct cost.
Each unit at UGA that may have accounts assigned to it must have a unique three-digit designator, called the Budgetary Unit Code (BUC). BUCs are assigned to units by UGA Accounting. Units with BUCs include colleges, schools, departments, centers, institutes and other administrative offices. When the financial account for the award is created, the Management Unit’s BUC will be utilized as the unit number for the primary account. BUCs are also used to indicate units that share F&A return.
