Carry Forward is the amount unspent on an award that has originally been budgeted for prorated spending over the lifespan of a sponsored award; it is often recalculated as a running balance that is spread over the remaining life of the award. 

The process of calculating Carryforward:

The Anticipated Total Amount is divided by Project - # Months to determine the Anticipated $ per Month.  For the first month, the Anticipated $ per Month is carried to Adj Anticipated.  Expenses are subtracted from Adj Anticipated.  This value is Carryover.  Carryover is divided by the number of months remaining on the grant.  This value is Allocated to Future Months.  For the first month, Allocated to Future Months is carried over to Running Allocations. Running Allocations for the first month is carried to the second month as Reallocated to Anticipated.  This value is added to the Anticipated $ per Month to calculate the Adj Anticipated.  Expenses are subtracted from Adj Anticipated to calculate Carryover.  Carryover is divided by the number of months remaining.  This value is Allocated to Future Months.  Allocated to Future Months is added to the Running Allocation.  The new Running Allocation value is carried to the third month as Reallocated to Anticipated.

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