Considerations for Award Project Budgets

Create budgets for award projects from the Awards Overview page to manage spending for expenditures associated with funded awards.

You must select specific values for these attributes on a financial plan type and budget version to manage budgets for an award project:

• Calendar type

• Budget creation method

• Planning resources

Calendar Type

Select the Award Calendar calendar type in the budget version details.

Note: If the calendar type on a financial plan type or budget version is Award Calendar, the award budget periods in Oracle Grants Management is the source for the budget duration.

Budget Creation Method

Select the Manually create budget lines budget creation method. When you create budget lines manually, you enter amounts at the periodic level for each plan line in the budget. This method creates periodic detail budgets, and the values accumulate upward from the lowest-level tasks to the top-level tasks, and to the project level.

Planning Resources

Assign planning resources to the planning level that you selected in the project, which is either the project level or task level. Enter values for the resources in each period.

Note: The source of planning resources on a control budget is always the primary planning resource breakdown structure.

Budgetary Control

If budgetary control is enabled, the award dates and award budget periods dates must be sent to Budgetary Control for controlling transactions.