Question
The funds should be used according to the awarded budget unless written approval is given to change this; otherwise the nonprofit may lose subsequent awards
The funds should be used according to the awarded budget unless written approval is given to change this; otherwise the nonprofit may lose subsequent awards because of poor financial management. It is especially important to use all funds that were earmarked for direct cost because the direct costs are those costs typically being used to provide the service required by that in-need. While the indirect costs are typically for administrative or hard services that support the program but do not go directly to the clients.
What if you did not have the indirect funds outside of the funding award to support your program? How would you find the necessary funds without violating the terms of the award? Is it possible? Explain your reasoning.
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