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ICAHN SCHOOL OF MEDICINE at MOUNT SINAI PRIOR APPROVAL REQUIREMENTS and BUDGETING POLICY The National Institutes of Health (NIH) permits a certain degree of latitude in making postaward programmatic

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How to fill out rebudgeting policy

01

Step 1: Review the current budget and identify areas that need to be adjusted.

02

Step 2: Determine the reason for the rebudgeting and the desired outcome.

03

Step 3: Assess the impact of the changes on other areas of the budget.

04

Step 4: Communicate the need for rebudgeting to relevant stakeholders.

05

Step 5: Create a detailed plan outlining the specific adjustments to be made.

06

Step 6: Update the budget with the necessary changes.

07

Step 7: Monitor the implementation of the rebudgeting policy and make necessary adjustments.

08

Step 8: Evaluate the effectiveness of the rebudgeting policy and make improvements if needed.

Who needs rebudgeting policy?

01

Organizations that experience financial changes or unexpected events that require adjustments to their budget.

02

Companies undergoing restructuring, mergers, or acquisitions.

03

Government agencies dealing with budget constraints or changes in funding priorities.

04

Startups or small businesses that need to adapt their budget to fluctuating market conditions.

05

Individuals or households facing significant changes in income or expenses.

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