Fund Dimension
At the highest level, the Fund dimension is organized into Current and Non-Current funds. As non-current funds such as those used for debt service or capital projects will not be used in the operating year, it is a best practice to select Current Funds when reporting on the Forecast or Operating Budget scenarios. If you leave the Fund dimension at Total Funds, your report will also include Non-Current Funds. Most SRECNA reports are preset to Current Funds.
If you would like to exclude Contracts and Grants in your reporting, there is a member in the Alternate Fund Hierarchy called Current_Funds_Excluding_C&G
Reporting on Contracts and Grants
Keep in mind when reporting on contracts and grants:
- While contracts and grants have defined end dates, the start and end dates may span more than one fiscal year
- Contracts and Grants revenue should be budgeted to appropriately offset expenses in the fiscal year
- CalRptg reports with Report IDs beginning with CR5 focus on Funds and allow you to drill down to a specific contract or grant
Practice
To confirm you understanding of the concepts we have covered thus far, complete Exercise 1. At the end of the exercise, there is a link to an answer sheet so you can check your work and review as needed.