During the Carryover Review, items that were approved in the previous fiscal year (FY 2017), such as outstanding encumbered obligations, unencumbered commitments and unexpended capital project and grant balances, are re-appropriated in the current fiscal year (FY 2018). Balances that are available following the close of the prior fiscal year are reviewed and may be transferred to reserves or appropriated for capital projects and other priorities. The Carryover Review is the first opportunity to revise the budget following its adoption.