Defining Internal or Non-Grant Funding Source (GM16.1)

Type a unique 30 character code to identify the Non-grant fund.

Type a description for the non-grant fund.

Optional. Type a long description if there is not enough space in the description field. This field is 60 characters and is informational only. If left blank, this field defaults to the short description. Prints as Program Title on Grant reports.

Type a begin and end date for the fund.

This is the Fund Amount. Type the total amount of the fund.

Select the currency code that represents the fund amount entered.

Select the current status. Valid values are 1 - Active; 2 - Inactive. If left blank, defaults to 1.

A funding source code is used to categorize and report on internal non-grant funding source by the type assigned to the funding source. For example, a general fund, tax fund or other internal funding sources.

Displays Fund Type. Fund type is F - Non-grant fund. A non-grant fund represents internal or local funds (tax or appropriation funds) used to fund a project.

Select a project manager. This is the manager of the project. The selections are limited to HR resources (HR company and employee) set up in the HR system.

Display only

Funding source amount allocated to contracts. Contracted Amount displays the sum of Fund Amount from Contract Funding (GM20) records.

Displays expenditures to date.

Displays remaining balance. Amount is calculated and stored in fund currency. Equals funding source amount less expenditures equals remaining balance.

Select the GL code to credit. A GL code is a short cut code which represents a general ledger account for posting to the General Ledger system. This field maintains the default revenue account for the non-grant fund. This account will be credited when project expenditures are invoiced.

Select a revenue type account category for posting non-grant fund revenue to activities. This account will be credited when project expenditures are invoiced.

Select the GL code to debit. This field represents the GL account that will be debited when project expenditures are invoiced.

Select a GL code representing the appropriation or source fund expense account. A GL code identifies a general ledger company, accounting unit, account, and subaccount. This is the short cut which represents the source fund expense account. This represents the GL account that will be debited when you add this funding source to a multi-funded contract via GM20.

Select a GL code representing the grant project revenue clearing or cash account. A GL code identifies a general ledger company, accounting unit, account, and subaccount. This is the short cut which represents the revenue clearing account. Defaults on GM20; when assigned on Multi Funded Contracts (GM20.1), this represents the GL account that will be credited when the funding source is added to the contract via GM20 and debited when you run GM121 in update mode.

Select an accrual type account category. This Revenue Clearing Account Category will be posted to Project Accounting. Defaults on GM20; when assigned on Multi Funded Contracts (GM20.1), this represents the account category that will be credited when the funding source is added to the contract via GM20 and debited when you run GM121 in update mode.

Select a GL code representing the transfer from fund "asset" account. A GL code identifies a general ledger company, accounting unit, account, and subaccount. This is the short cut which represents the transfer from account. This represents the GL account that will be debited when you add this funding source to a multi-funded contract via GM20. Entry of a Debit Transfer To and Credit Transfer From account is optional.

Select a GL code representing the transfer to fund "liability" account. A GL code identifies a general ledger company, accounting unit, account, and subaccount. This is the short cut which represents the transfer to account. This represents the GL account that will be credited when you add this funding source to a multi-funded contract via GM20. Entry of a Debit Transfer To and Credit Transfer From account is optional.

Select a GL code representing the internal funding or non-grant fund revenue account. This field maintains the revenue account for the internal funding. A GL code identifies a general ledger company, accounting unit, account, and subaccount. This is the short cut which represents the revenue account. This represents the GL account that will be credited when you add this funding source to a multi-funded contract via GM20.

Select a revenue type account category for posting internal funding or non-grant fund revenue to activities. This represents the account category that will be credited when you add this funding source to a mulit-funded contract via GM20.