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Q26: What procedures should be followed when a Grant-approved project is completed under budget?

A: The amount of the Grant cannot exceed the expenses needed for the project. The actual amount to be paid must equal to the expenses actually used for the project (in case the grant-receiving organization has its own capital, then that amount will be deducted from the payment).

Because the Grant is paid when expenditures are made, as a rule, it is rare for an overpayment to occur. If an overpayment is discovered after the project is completed or at the end of the fiscal year, the amount overpaid shall be returned.

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