How does the Express Program calculate the funds you have left for a calendar year?

Modified on Tue, 18 Jul 2023 at 04:59 PM

On your application, you may come across a section that shows you your "balance remaining for the calendar year", see below-

 


The amount in the above field indicates how much Express Program funding remains available for your company for Calendar Year 2023*. The formula used to calculate this number is $20,000 (cap for the year) - amount approved + amount returned.

The amount approved is the sum of your awards approved for CY '23; the amount returned is the sum of the funds remaining once your reimbursement request, if one is pending, has been processed and any amount associated with a course that a grantee indicates they will no longer pursue (hence, the amount is "returned").

Note: When submitting an application, if the amount shown is a negative value, you do not have any funds available to request for the remainder of CY ’23. Grant recipients that have been awarded more than $20,000 prior to July 10th, 2023, will show a negative number. This is not cause for concern, it only means that you do not have any remaining funds to request. For additional instructions or assistance, please contact us at express@commcorp.org.

*Please note, the value listed in the application is for estimation purposes only and may be slightly different than the actual value and is subject to eligibility and available funds. Our team will verify funds awarded and funds remaining for your organization during the review of your application. 

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