On an annual basis, OneStar requests that grantees report the amount of unexpended funds that they expect to have remaining at the end of the current budget period. This process is referred to as "deobligation".
AmeriCorps grantees are funded through two pools of funds, Formula and Competitive. With Formula dollars, OneStar has the flexibility, and is expected to use this flexibility, to deobligate and reallocate unexpended funds in order to fully utilize the Formula dollars granted to Texas. In efforts to fully expend our allocation, we use the unexpended dollars you report to fund new operating programs, planning grants, and program expansions. For Competitively funded programs, the amount of your deobligated funds are reported directly to the Corporation For National and Community Service for their use.
Keep in mind that the amount of funds awarded to your organization can only be used in the grant budget period for which they were awarded. You cannot carry-over funds to the following budget period.
By deobligating CNCS share, you are still held to the match percentage as listed in your Grant Award.
Include the following amounts to be deobligated from your current grant.