approved budget
approved budget
Public Health Service (US)A financial expenditure plan, including any revisions, approved by the awarding party for a grant-supported project or activity.
According to the US Public Health Service, an approved budget consists of Federal (grant) funds and non-Federal participation, or Federal funds only, and will be specified on the Notice of Grant Award and on any subsequent revised or amended award notice. Any expenditures charged to an approved budget that consists of both Federal and non-Federal shares are deemed to be borne by the grantee in the same proportion as the percentage of Federal/non-Federal participation in the overall budget.