Project Budgets

Project budgets are established via the Budget Detail page. When the Generate Award process occurs, the budget detail from the proposal budget flows through and is available for review finalization. Each row of the budget is then assigned ChartField values that will be used to track and control spending on the Project. Typically, the ChartFields assigned to Project budgets are at a higher level of detail than at which spending will occur. Once all required ChartFields have been entered and the amounts of each budget line have been verified, the budget is ready for posting. Only the budgets for the current budget period of an award are posted. Once the budget is successfully posted, it is active for transactions. Posting project budgets creates entries in both the Commitment Control ledger (KK) and the PROJ_RESOURCE record.

Budget Levels

Budget levels represent a hierarchy that supports budgeting requirements. All items within the same level represent the same kind of information. Two levels of budgets have been established for use within the GRANT project costing business unit. The budget detail level will vary depending on the type of award and/or sponsor.

  • Is considered a lump sum level.
  • Used for clinical trials and/or any awards or sponsors with unrestricted line-item budget
  • Consists of:
    • Direct Costs subject to F&A
    • Direct Costs not subject to F&A
    • Subaward/contract information
    • Facilitates and Administration Costs
  • Is considered a more detailed categorical level.
  • Used for awards or sponsors with restricted line-item budget.
  • Consist of:
    • Salary Pool (includes fringes)
    • Prof Consult Service Pool
    • Computer Services Pool
    • Communications Pool
    • Maintenance/Repair Service Pool
    • Other Services Pool
    • Supplies Pool
    • Equipment Pool
    • Travel/ Trng/ Entertainment Pool
    • Student Aid Pool
    • Other Expenses Pool
    • Lease-Rent Space
    • Sub-Award Pool
    • F&A Pool
Budgets
Fun Codes
UR UCB 1XXX Department Level Budget

UR

Designated Funds

Strategic Plans

Loans

2XXX

3XXX

Non-sponsored projects
UR                    4XXX EHC only

UR

Grants

5XXX

5100

5200

5300

5400

2272

2282

Sponsored Projects

Federal, Budget Lvl 1

Federal, Budget Lvl 2

Non-Federal, Budget Lvl 1

Non-Federal, Budget Lvl 2

Cost Share

Program Income

UR 6XX9 Endowments/Trusts
UR 7XXX Agency/Capital Debt
TR 8XXX Endowments/Trusts
PR 9XXX Endowments/Trusts

UR = Unrestricted

TR = Temporarily Restricted

PR = Permanently Restricted