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Budget Checking Process & Errors
No Budget Exists
What this means: No budget exists in the cost center in the appropriate budget node. This type of error is not overridable. What to do: Often times the department may have budget in the cost center but not in the correct node (i.e. B5009 M&O has budget; B5008 CAPITAL does not) or may have fund equity in the cost center but not budgeted to spend. When either is the case, the following options are available:
What this means: Not enough budget exists in the cost center in the appropriate budget node. This type of error is overridable. What to do: (See above options) In addition to the errors listed above, Project/Grant cost centers can have other budget checking roadblocks such as budget status beginning and end dates. What to do: Regardless of the type of error, the department will have to resolve the issue through the Grant Accounting X8602. |