What Is Unobligated Balance?

Definition. The portion of budget authority that has not yet been obligated. In one-year or annual accounts, the unobligated balance expires (ceases to be available for incurring new obligations) at the end of the fiscal year unless valid obligation adjustments exist for that fiscal year.

What is an unobligated balance NIH?

Often Sponsors request Grant Holders to report on their estimated unobligated balance; that is, the estimated amount of unspent funds at the end of the current budget year (BY). ... Below is the language from the NIH Grants Policy Statement.

What is the meaning of unobligated?

: appropriated but remaining uncommitted by contract at the end of a fiscal period.