Mine this year says: "I regret to inform you that, although your application was considered meritorious, it was not funded due to budgetary constraints. If additional funds become available, your application could be considered for an award at a later date."
Last year mine said: "Your application did not score highly enough to be funded, and you will not be offered an award." So I think I'm waitlisted for this year, but was flat out rejected last year.