You can enter and view the current value of funds rate or average annual rate of Department of Treasury tax and loan accounts in the Define Fund Rates window. The rate determines whether it is beneficial to take a vendor discount for early payment.
Before setting up the current value of funds, you must:
Have access to the Define Fund Rates window is required.
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To enter a new current value of funds rate, navigate to the Define Fund Rates window.
The following table describes selected fields on the Define Fund Rates window.
| Field Name | Description |
|---|---|
| New Rate | New fund rate |
| Effective Date | Effective start date of new rate; must be later than most recent start date
Note: Only one rate per start date. |
| Rate % | Fund rate |
| From | Start date for this rate; must be today's date or later |
| To | End date for this rate
Note: Blank for current rate |
To view current value of funds rates:
Navigate to the Define Fund Rates window.
View the fund rates displayed in the Funds Rate History region.
Scroll through the list to find the rate for a specific period.