Fiscal Year Over Expenditures - October-September IER - (Rev.

100 - Fiscal Year Over Expenditures - October-September IER - (Rev. 2, 08-30-02) A1-1333, B1-4333 The contractor's contract with CMS requires staying within approved budget amounts and levels of certified funds. It shall analyze its financial position in order to advise CMS, in a timely manner, of any anticipated significant deviations. In the event the administrative costs reported in the October-September IER exceed the total approved budget, it shall furnish documentation justifying the over expenditure to its RO with a copy to CO. The request for funding will not necessarily be approved. The CMS reviews justifications for adequacy and, where appropriate and if funding is available, issues a revised NOBA that enables the contractor to draw additional funds. The RO may advise the contractor that consideration of a budget revision is postponed until the FACP is received and analyzed, e.g., where the amount of the over-expenditure is relatively minor or where the contractor has not justified the over-expenditure. This does not adversely affect the claim for the funds.