Code of Federal Regulations Title 2. Grants and Agreements § 2.200.98 Unobligated balance

Unobligated balance means the amount of funds under a Federal award that the non–Federal entity has not obligated. The amount is computed by subtracting the cumulative amount of the non–Federal entity's unliquidated obligations and expenditures of funds under the Federal award from the cumulative amount of the funds that the Federal awarding agency or pass-through entity authorized the non–Federal entity to obligate.