Minor Overspend Breach - Definition

In Simple Terms

A Minor Overspend Breach happens when a team spends slightly more money than the allowed budget cap. Specifically, it's when their costs exceed the limit by less than 2%. This is considered a minor violation because the overspend is relatively small.

• Triggered when a team's Relevant Costs exceed the Cost Cap by less than 2%
• Applies to costs reported in Full Year Reporting Documentation
• Can also be determined through FIA review of actual spending
• Classified as a 'minor' breach due to the small percentage of overspend