This module has the following features.
» Tracks budgets across multiple fiscal years. This allows easy comparisons of budgets and spending patterns from different fiscal years.
» Tracks budgeting process from Allocations to Awards to Amendments.
» Allows for creation of different expense templates for different budgets.
» Tracks revenue from other sources
» Tracks service level commitments for each budget
» Allows for creation of umbrella budgets that can contain several budgets at a lower level.
» Tracks funding allocations and spending from multiple funding sources on one budget and has an automatic feature to allocate payments across multiple funding sources based on settings on the system.
» Tracks encumbrance documents and balances on encumbrance documents. Budgeting System allows creation of tagged encumbrance documents that will automatically be applied to all budgets connected to the preceding encumbrance documents.
» Automatically generates allocation notices and award letters to service providers.
» Maintains an electronic log that tracks the award process
» Additional Module to manage budget increases or decreases across the board based on Cost of Living Adjustments (COLA).