Budget Carryforward
Use
You use the budget carryforward in investment program function to transfer unused budget to the next fiscal year (annual values) within an investment program. Unused budget is the remaining distributable budget on a program position and all subordinate program positions.
Budget carryforward is an optional step related to the
Fiscal Year Change.Prerequisites
Features
This budget carryforward takes place only within one investment program. In other words, this function is not used for transferring unused budget from an investment program in the current approval year to the following approval year (that is, a new investment program). Instead it deals only with annual values within one approval year.
Whether or not you are required to perform this budget carryforward in the investment program depends on whether or not you carried out budget carryforward for the measures assigned to your investment program. Performing budget carryforward from one fiscal year to the next for measures can lead to inconsistencies between the budget on the investment program and the budgets on the measures (see
Example: Performing Budget Carryforward). By using the budget carryforward for the investment program, you ensure that the budgets on the investment program and the measures remain consistent.Activities
To use the function, choose Periodic Processing ® Budget Carryforward.