What is meant by an average yearly operating budget of $1.5 million dollars or less for the past two years?

The average of your organization’s operating budget for the past two years must be $1.5 million or less. For example: if your current operating budget for this fiscal year is $1.2 million and your operating budget for the last fiscal year was $1.7 million, your average operating budget over the two years is $1.45 million and your organization meets this requirement.