Fund Group

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The Fund Group document is used to define the broadest category of funds and is used for reporting and business rules. Examples of fund groups include General Funds and Contracts and Grants Funds. Although fund group is the broadest category of funds, it is an attribute of a narrower group: sub-fund. For example, accounts have an assigned sub-fund and from that sub-fund a fund group is retrieved.

The Fund Group document includes the Edit Fund Group Code tab. The system automatically enters data into both the Old and New sections. Selected data fields are available for editing.

Edit Fund Group tab definition

Title

Description

Fund Group Code

The code to uniquely identify a specific fund group.

Fund Group Name

Required. The descriptive label of this specific fund group.

Financial Reporting Sort Code

Required. The code to place fund groups in a particular sequence on reports

Budget Adjustment Restriction Code

Required. The code to define the level at which business rules on the budget adjustment document are checked. Existing budget adjustment restriction code may be retrieved from the lookup and are:

F = Fund C = Chart O = Organization A = Account

Active Indicator

Indicates whether this fund group code is active or inactive. Remove the check mark to deactivate a fund group code.

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