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This document is used to request a budget revision for the Emergency Housing Assistance Program, outlining the process for budget changes and required information for approval.

How to fill out ehap budget revision request

How to fill out EHAP BUDGET REVISION REQUEST

1. Begin by downloading the EHAP BUDGET REVISION REQUEST form from the official website.
2. Fill in the sections that require your organization's name, address, and contact information.
3. Specify the original budget allocation in the designated field.
4. Clearly outline the proposed changes to the budget, including the reason for each revision.
5. Indicate the total amount of the revision and how it impacts the overall budget.
6. Provide detailed justification for each budget item being revised.
7. Include any supporting documentation that verifies the need for the budget revision.
8. Sign the form and date it before submission.
9. Submit the completed form as per the guidelines provided by the authority managing the EHAP.

Who needs EHAP BUDGET REVISION REQUEST?

1. Organizations or individuals who are receiving funding under the EHAP program and need to modify their budget allocations.
2. Grantees or contractors working on projects funded by EHAP that require adjustment in financial planning.
3. Any stakeholder involved in EHAP-funded initiatives that need to address unforeseen expenses or changes in project scope.

People Also Ask about

Is a budget revision necessary?

A budget revision is only necessary when moving budget authority. Transfers, in contrast to budget revisions, are the reduction of available budget from one account to another.

How do you revise a budget?

We have put together 5 simple steps to revise your budget and get back on track. Step 1: Track your spending. Step 2: Calculate expenses. Step 3: Find extra money. Step 4: Adjust your budget. Step 5: Talk to a financial professional.

What is the budget variance threshold?

Cost variance thresholds and tolerances are the acceptable ranges of deviation from the cost baseline and the budget, respectively. They can be expressed as percentages, absolute values, or both.

What is the threshold for budget revision?

Prior approval is required for budget revisions when the federal share of the awarded budget is above the simplified acquisition threshold ($250,000). Expenditures for a single, direct-cost budget category increase or decrease from the approved budget amount by 10% or more also need prior approval.

When should a budget be revised?

How Often Should You Review Your Budget? There's no one-size-fits-all answer here, but reviewing your budget monthly or quarterly is generally a good idea. Monthly reviews allow you to monitor cash flow closely and make minor adjustments before issues grow.

What is the 10 percent budget rule?

One method to explore is the 60/30/10 budget rule. This allocates income into three key categories: 60% for essential needs, 30% for discretionary spending, and 10% for savings or debt repayment.

What is the NIH threshold for Rebudgeting?

Rebudgeting into A&R costs that would exceed 25 percent of the total approved budget for a budget period. If rebudgeting would not meet this threshold but would result in a change in scope.

For pdfFiller’s FAQs

What is EHAP BUDGET REVISION REQUEST?

The EHAP Budget Revision Request is a formal document submitted to request changes to the original budget allocated for the Emergency Housing Assistance Program (EHAP).

Who is required to file EHAP BUDGET REVISION REQUEST?

Individuals or organizations that have received funding through the EHAP and need to modify their budget for effective program implementation are required to file this request.

How to fill out EHAP BUDGET REVISION REQUEST?

To fill out the EHAP Budget Revision Request, complete the designated form by providing the current budget details, outlining the proposed changes, and justifying the need for revisions.

What is the purpose of EHAP BUDGET REVISION REQUEST?

The purpose of the EHAP Budget Revision Request is to ensure that funded initiatives stay relevant and effective by allowing adjustments to the budget in response to changing circumstances.

What information must be reported on EHAP BUDGET REVISION REQUEST?

The EHAP Budget Revision Request must report the original budget, the proposed new budget, a description of the changes, and a justification for the revisions being requested.