Budget Period Status Options
Budget period statuses affect the budgetary control validation result.
The following table shows the budgetary control validation results for each budget period status.
Budget Period Status | Budgetary Control Validation Funds Status Result | Funds Status Failure |
---|---|---|
Never opened | Fail | Budget period not open for control budget |
Available for budgeting | Pass for budget entries | N/A |
Fail for all other transactions | Budget period not open for control budget | |
Open | Pass | N/A |
Close pending | Fail for:
|
Budget period not open for control budget |
Pass for:
|
N/A | |
Closed | Fail | Budget period closed for control budget |
Permanently closed | Fail | Budget period not open for control budget |
Note: The close pending status can be used to limit budgetary control validation
of General Ledger and subledger journal entries only while completing month-end or
year-end close tasks. This prevents consumption of a control budget’s funds available
balance by subledger transactions and prevents changes to a control budget’s initial
budget amount.