Important Considerations

The movement of the obligation to the Reopen Budget Date perform these tasks:

• Increases funds available in the carry forward from year because the obligation balance is decreased for the finally closed budget date. If you want to keep the funds available unchanged in the carry forward from year, select Keep fund available for the carry forward from year so that the budget balance is decreased for the finally close through budget date.

• Doesn’t validate that there are sufficient funds available in the carry forward to year. If you don’t include budget for the carry forward obligation for the reopen budget date, the purchase orders that were carried forward will consume funds from the current budget balance for that period.

The carry forward amount, which is the uninvoiced amount or the undelivered amount, is determined as of the time the Carry Forward Purchase Order Budgetary Control Balances program is submitted, not as of the finally close through budget date. To ensure the balances are carried forward properly, it is important to follow these steps:

• Run the program as close to year end as possible.
• Not open the periods in the new year for payables until after the process is completed when using period end accrual and the default date rule setting as current transaction budget date or system date.