When a fund and a fiscal year are associated, fund fiscal year line items can be added to these fund fiscal years. The creation of a fund fiscal year line item facilitates the addition of the budget. One or more fund fiscal year line items can be added to a fund fiscal year. These line items allow the source of funding to be captured. For example, federal or state funding.
The sum of the fund fiscal year line item budgeted amounts represents the total budget for the fund fiscal year. The sum of obligations for a fund fiscal year is deducted from this total, which allows the fund administrator to gauge whether or not funds are approaching limits that would prevent further obligations.
The fund fiscal year line item contains the budgeted amount for that particular line item, this includes the initial allocation and any adjustments to this budget. Each fund fiscal year line item lists the amount of each budget adjustment and whether that amount is a credit or debit.