What happens if a Control Unit does not spend all of its Achievement and Spot Award funds in a given fiscal year?

Control Units will receive an allocation for Achievement and Spot Awards at the beginning of each fiscal year. If a Dean or VC may not expend all of the current fiscal year's funds for the fiscal year, as they approach the last month of the fiscal year, they may use any remaining nominal amount to provide training for their staff.

In the new fiscal year, Deans and VCs will receive a supplemental annual allocation to "top off" last year's remaining funds (if any) in order to provide a total allocation appropriate for the unit as of the end of the previous fiscal year. The supplemental allocation for the new fiscal year will be determined in the first week in August to ensure all awards which were processed at the end of the past fiscal year are captured.