When a sponsor wishes to fund a proposed project at an amount different from that originally proposed, the sponsor asks the investigator to submit a “revised” budget supporting the amount to be funded. If the sponsor reduces the budget, the investigator must determine whether the originally proposed scope and objectives of the project can be met under the revised budget. If not, the investigator and sponsor must redefine the scope and objectives in writing before the University accepts the award.
If the original budget contained cost share or matching, the cost share or matching amount may need to change to reflect the budget revisions. These changes need institutional approval (ORSP and OSP) prior to resubmission.