I saw a "private grant" project funded at $500k, the budget that hit floor where work actually happened was $25k. The accountants went to absurd lengths to turn that into "$75k spent" in the year end statements, but it didn't help: the CEO met with the grant givers the next year on the porch of his brand new house, to explain why the actual goals they'd funded hadn't been realized yet. The people doing the work weren't invited; but we heard the story later about how much blame we took for the failure.