Managing project funding

Use the procedures in this section to manage funding. Use Contract Fund Adjustment (GM40.1) to increase or decrease contract funding amounts. Use Contract Fund Transfer (GM40.2) to transfer grant funding from one contract to another. Use contract attachments to document reasons for the adjustment.

Use the activity budget edit established at the Activity Group (AC00) to ensure expenditures do not exceed project funding. The contract funding budget edits perform real-time budget enforcement for activity-related transactions that originate in other Lawson applications or sub-systems. Budget edits compare costs (past, in progress, and current) to contract budget/funding. If the costs associated with a transaction would cause the budget/funded amount to be exceeded, the application automatically stops the transaction.