| Although award project periods may span several years, funds are generally awarded incrementally on an annual basis. The account end date in FAS will reflect the entire project period. However, the account budget will reflect only the amount awarded by the sponsor thus far. The budget in FAS will be updated when the next increment of funding is awarded by the sponsor, usually annually. Often an annual progress report is required by the sponsor to trigger the award of continuation funding. If there is a need to spend the next increment of funding prior to receipt of the award for the continuation period, a temporary account request should be submitted. | | |
