Carry forward

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BSU: The remaining available budget balance of a project that may be used to increase the budget of the next budget period. Carryovers are not always automatic and are not always allowed by all funding agencies. They usually require permission from the sponsor.

Taimu: (aka Carry Over) The process of using funds from a prior budget year into a current budget year. Certain sponsor policies and awards allow carry over without the agency's prior approval. Awards excluded from carry forward are required to make a formal request to the sponsor. The request should include the amount for carry forward, a budget and justification, and the reason the funds were unspent in the prior award year. The request may be approved or denied.