Grant renewals (multiyear) with a new budget for the renewal period
Notify PI/Department of set up completion with FOAP, budget, approvers, end date
Billed Accounts Receivable: 14XX
Cash Receipt Bank Code: from FTMFUND
Retainage Accounts Receivable:
Revenue Account: from FTMFUND
Retainage Amount:
Unbilled Accounts Receivable: from FTMFUND
Retainage Percent:
Send Fund code to Purchasing sets up approval queues.
Assign budget to grant.
FRABUDG Grant Budget
Grant: Grant Number from FRAGRNT; GO
FRAGRNT Grant Maintenance
FTMFUND Fund Code Maintenance
Copy and insert new record
■ Change effective date to beginning of renewal period
■ Change Expenditure End Date to end of renewal period
Grants Month-End Processing – Revenue Recognition and Indirect Cost Allocation
This Banner process calculates and posts indirect costs to grants and recognizes grant revenue.
Responsible position(s):
Grant Accountant
Required documents and access:
Banner
Frequency and timing:
Monthly, after general accounting has completed posting all operating expenses
Steps:
Determine whether there are any trial balance issues in the grant funds.
FGRTBEX Trial Balance Exception Report identifies any funds that are out of balance
Printer: DATABASE
■ Fiscal Year:
As of Date: month-end
Include Accrual Period: Y
Report Type: Summary or Detail
Chart of Accounts: 1
Fund Option: All
From Fund:
To Fund: