The following is a summary of the main concepts covered in this guide:
- Funds are budgeted on a fund fiscal year basis.
- Funds can be associated with products and services, thus making
them available to be associated with financial transactions related to
these products or services.
- Funding rule sets provide logic for evaluating and selecting
fund fiscal years for use in obligations. These rule sets are
associated with products and services.
- Fund fiscal year line items are created when the budget is first
defined. A budget adjustment is created anytime this budget is
adjusted.
- An obligation is created each time a fund fiscal year is
obligated in respect of a client.