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Voluntary Obligation of Funds Requests Form1. Grantee Name & Number (Name) (Number)2. Program that Funds are involuntarily Obligated from Program NOT Number Program Contract Number Program Year 3.
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How to fill out voluntary deobligation of funds

01
To fill out the voluntary deobligation of funds, follow these steps:
02
Obtain the standard form for the voluntary deobligation of funds.
03
Fill in the requested information, including the name and contact details of the recipient of the funds.
04
Provide the relevant financial information, such as the amount of funds to be voluntarily deobligated and the reason for the deobligation.
05
Sign and date the form to certify the accuracy of the information provided.
06
Submit the completed form to the appropriate authority or organization responsible for fund management.
07
Keep a copy of the filled form for your records.
08
Await confirmation or further instructions from the authority regarding the voluntary deobligation of funds.

Who needs voluntary deobligation of funds?

01
Any individual, organization, or entity that has received funds through a specific program or project but no longer requires or intends to utilize the allocated funds may opt for a voluntary deobligation of funds.
02
Government agencies, non-profit organizations, and grant recipients are examples of entities that may need a voluntary deobligation of funds.
03
This process helps ensure responsible financial management and allows the funds to be allocated to other deserving projects or reallocated within the same program.

What is deobligation Form?

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Voluntary deobligation of funds is the process of returning unspent or unused funds from a federal grant or contract to the funding agency.
Federal agencies and organizations that receive federal grants or contracts are required to file voluntary deobligation of funds.
To fill out voluntary deobligation of funds, the organization must submit a written request to the funding agency detailing the amount of funds being returned and the reason for the deobligation.
The purpose of voluntary deobligation of funds is to ensure that federal funds are used efficiently and effectively, and to prevent funds from being wasted or misused.
The information that must be reported on voluntary deobligation of funds includes the grant or contract number, the amount of funds being returned, the reason for the deobligation, and any supporting documentation.
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