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Deficits

A grant or contract is in deficit when the total expenditures exceed the amount awarded for the project. Budgets cannot be closed in a deficit position. Costs contributing to the over expenditure will need to be transferred to an appropriate non-federal budget. Information regarding the deficit transfer process, and appropriate non-federal budget types can be found at: http://www.washington.edu/research/gca/closing/deficit.html.

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