earmarked funds (PSM-FM)

Funds Management (PSM-FM)

The business transactions within Funds Management that can reserve budget already distributed for revenues or expenditures to be expected.

Distinguishing characteristics for earmarked funds:

• They commit budget
• Application of funds by specification
• Legal obligations associated with them

Business transactions:

• Funds reservation
• Funds precommitment
• Funds commitment
• Funds blocks
• Estimated revenue