How to set up Award and Contract with carry over of an unobligated balance into next budget period — Cloud Customer Connect
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How to set up Award and Contract with carry over of an unobligated balance into next budget period

in Project Management

Summary:

What is the best practice for setting up the Award and Contract in Oracle Fusion if an organization receives a Federal Award where there is a carry over of an unobligated balances into the next budget period is required by the Sponsor?

Currently, my end users when creating an Award in the Grant Management module, they do not utilize the creation of a Contract in the Award train process. They create the Contract separately in the Contract Management directly. This is because creating Contract in the Grant Management only allows 1 Contract Line where they need separate contract lines for each budget period. Each contract line for each budget period uses the Hard Limit for Project Billing purposes as they are not automatic carry over.

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