Allocate Costs and Project Fund Balances

Budget allocations

CloudBudget supports configurable allocations across departments, projects, programs, grants, funds, and cost centers. An internal-services budget can be distributed using fixed percentages or another approved driver. Allocation rules should identify the source, recipients, driver, frequency, and rounding treatment.

Fund balance projection

A projected ending fund balance can be calculated from beginning fund balance, projected revenue, projected expenditures, inter-fund transfers, and other approved adjustments. GoldFinch actuals can replace forecast amounts as the year progresses.

Limits and budget ceilings

You can record maximum amounts by fund, department, division, object, or category. Reports and warnings can compare requested, approved, committed, and actual amounts with the applicable ceiling.

Carryforwards and rollovers

Carryforward and encumbrance rollover rules vary by organization. The implementation design should specify which balances roll forward, at what level, into which budget version, and whether to include open purchasing commitments.