Appropriate Funds - GL Journal Entries

  • Appropriate $15,000.00 Local Funding for Project (pre-funded).

  • GM20 will create the revenue entries for internal funding or non-grant funds.

  • Since internal funding is pre-funded revenue entries are created at the time the funding is assigned to the contract.

  • Deferred revenue will be posted to the contract level activity, as posting level is not know unit expenditure allocation.

  • Transfer from and transfer to entries are optional.