Funding sources

Funding sources are budgetary resources for programs and projects. Funding types include grants, bonds, federal or state awards, private donations, or internal money that is allocated for a company or an organization.

A funding source record provides details about the funding organization, start and end dates, and the fund totals and allocations. For many cases, you must identify funding and have it approved before a program or project can begin. Funding sources might be required by federal and state agencies, corporations, and not-for-profit organizations such as universities, libraries, and museums. Funding sources are identified and accounted for to ensure that a project is adequately funded and so that the funds are committed to the purpose that they were made for.

Funding sources for a project do not necessarily use the same currency as the project. When the funding allocations are approved, sources that use a different currency are converted to the currency used for the project.

You can create or view a funding source record when you go to the project level, select a project, and go to Related Links - Capital Project Budget > Program and Funding > Funding source.

You can also create or view a funding source at the company level when you go to the Projects page and select Capital > Related Links - Capital Projects > Programs and Funding Sources.