Get the free OCAST BUDGET MODIFICATION REQUEST FORM

This document serves as a formal request to modify the approved budget for research projects under the Oklahoma Center for the Advancement of Science and Technology (OCAST) when changes exceed 25%

How to fill out ocast budget modification request

How to fill out OCAST BUDGET MODIFICATION REQUEST FORM

1. Obtain the OCAST BUDGET MODIFICATION REQUEST FORM from the official website or your grant manager.
2. Fill in your project title and grant number at the top of the form.
3. Specify the amount of funding you are requesting to modify.
4. Clearly describe the reason for the budget modification in the designated section.
5. Provide a detailed justification for each line item that is being modified.
6. Attach any necessary documentation supporting your request (e.g., quotes, invoices).
7. Review the completed form for accuracy and ensure all sections are filled out.
8. Sign and date the form before submission.
9. Submit the form to the appropriate OCAST program officer or follow your organization's submission guidelines.

Who needs OCAST BUDGET MODIFICATION REQUEST FORM?

1. Organizations and individuals who have received OCAST funding and need to adjust their budget for project expenses.
2. Grant recipients seeking to reallocate funds due to unexpected changes in project needs or costs.

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What is a budget request form?

The Budget Request Form is a restricted form used by budget managers, directors, senior staff, and deans to request additional money for the next budget year.

What is a budget modification?

What is a Budget Modification? A budget modification is a zero-sum adjustment of line items in a fiscal year budget. A budget modification does not change the value of the contract. If your organization increased the budget in one area, a proportional decrease would need to occur on another line item in the budget.

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What is OCAST BUDGET MODIFICATION REQUEST FORM?

The OCAST Budget Modification Request Form is a document used by organizations to request changes to the budget allocation for a specific project or program funded by the Oklahoma Center for the Advancement of Science and Technology (OCAST).

Who is required to file OCAST BUDGET MODIFICATION REQUEST FORM?

Organizations or entities that have received funding from OCAST and need to adjust their budget allocations for approved projects or programs are required to file the OCAST Budget Modification Request Form.

How to fill out OCAST BUDGET MODIFICATION REQUEST FORM?

To fill out the OCAST Budget Modification Request Form, follow the provided guidelines which typically include entering project details, specifying the changes requested, justifying the need for the modification, and providing a revised budget outline.

What is the purpose of OCAST BUDGET MODIFICATION REQUEST FORM?

The purpose of the OCAST Budget Modification Request Form is to ensure proper management and oversight of project budgets, allowing organizations to adjust allocations to better reflect project needs while ensuring compliance with OCAST funding regulations.

What information must be reported on OCAST BUDGET MODIFICATION REQUEST FORM?

The information required on the OCAST Budget Modification Request Form typically includes project title, original budget details, proposed modifications, reasons for the changes, and a revised budget summary.