Scenario 4: Grant requires a match. Multiple grants with multiple allocations.
Federal and state grants that require a match require that the grant and grant match are spent out simultaneously, or the grantee could lose the grants. These grants are not allowed to spend out the grant before they spend the match.
| Grant A setup: | Grant A is established with an award amount and grant budget of $4,509,960.00. The match required flag on Grant Setup (GM15) for Grant A is Yes and the match percent is 5%. (This indicates the grant requires a match and the grant will fund 95% of the project expenditures and the match will fund 5% of project expenditures.) |
| Grant A Match setup: | The match fund or fund(s) are set up as either a grant or a non-grant funding source with a fund amount of $237,366.00. |
| Grant B setup: | Grant B is established with an award amount and grant budget of $15,576,902.00. The match required flag on Grant Setup (GM15) for Grant A is Yes and the match percent is 5%. (This indicates the grant requires a match and the grant will fund 95% of the project expenditures and the match will fund 5% of project expenditures.) |
| Grant B Match setup: | The match fund or fund(s) are set up as either a grant or a non-grant funding source with a fund amount of $819,836.00. |
| Contract Funding setup: |
Project 100 is established with a contract amount $57,832,475.00 and the following funding sources: Priority 1: Grant A, Fund Percent 95%, Fund Amount $4,509,960.00 Priority 2: Fund A1, Fund Percent 2.44%, Fund Amount $115,640.00, Match Fund – Grant A Priority 3: Fund A2, Fund Percent 100%, Fund Amount $121,726.00, Match Fund – Grant A Priority 4: Grant B, Fund Percent 95%, Fund Amount $15,576,902.00 Priority 5: Fund B1, Fund Percent 2.5%, Fund Amount $409,918.00, Match Fund – Grant B Priority 5: Fund B2, Fund Percent 100%, Fund Amount $409,918.00, Match Fund – Grant B |
