Award Funding Pattern Example
This example shows a funding pattern that will automatically distribute costs for a project among several awards and funding sources.
This funding pattern ensures that the construction requirements of the awards are being met. The project has other requirements that are met using other funding patterns.
Your city plans to replace a bridge. The city is the sponsored program office and internal funding source. Besides city budgeted funds, awards have been granted from these sources:
- The state
State funds are available until the end of their fiscal year, in 6 months .
- Federal transportation agency
- State transportation agency
Requires cost sharing of 25%.
Field | Value |
---|---|
Project Number | 16720 |
Project Name | City Bridge |
Funding Pattern Name | Bridge Construction |
Status | Active |
Task Number If the task isn't provided, the funding pattern is for all tasks on the project that don't have a defined funding pattern. |
2 |
Start Date | July 1 |
End Date | March 31 |
Set Name | Description | Precedence |
---|---|---|
Construction Set 1 | Spend state money first | 1 |
Rule Number | Award Number | Funding Source | Percentage |
---|---|---|---|
1 | state bridge | State | 100 |
Set Name | Description | Precedence |
---|---|---|
Construction Set 2 | Meets contract obligations for state and federal transportation | 2 |
Rule Number | Award Number | Funding Source | Percentage |
---|---|---|---|
1 | State Trans | State Transportation | 50 |
2 | State Trans | Internal | 25 |
3 | Federal Trans | Federal Transportation | 25 |
Rule number 2 is an example of state cost sharing requirements.