I am a first time applicant and I got a Financial Review ("application has passed first level of review") email on July 1. This was later than the expected "May 2015" from the webinar Q&A. It said that getting to this stage was not a guarantee of funding (as others have said). I finally got all my forms in last week, and noticed today that my Funding Status is listed as "approved." I received an email today that my application "has been forwarded to the next level of review." The email also said that the institutes are currently in the process of making funding decisions, and applications that are incomplete at time of funding decisions cannot be made available for funding. It sounds like applications that have not gone to financial review yet likely won't be funded this year, and that funding decisions on the other applications have not been made. The "first level" email said that funding decisions would be made in "late summer" based on funding priorities and budgets.