Carryforward

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OSP: Carryforward is the ability granted by a sponsor – either permitted automatically or requiring approval – to  the grantee to move  funds previously unspent in a past budget period into the new budget period while also obligating the fully anticipated amount for the new budget period. Note: Despite having different impacts on the budget, carryforward and carryover are both referred to as “carryforward” in GMAS. Also, in addition to funds being applied from previous budget periods into subsequent budget periods, it can also apply across non-sequential budget periods and even cross segments.

Spo: Unexpected funds carried from one budget period to another.

Ucsf: Unobligated Federal funds remaining at the end of any budget period that, with the approval of the GMO or under an automatic authority, may be carried forward to another budget period to cover allowable costs of that budget period (whether as an offset or additional authorization). Obligated, but unliquidated, funds are not considered carryover.