Control Project Spending based on Baselined/Approved Cost Budget

Is there a way to control project spending based on the project baselined cost budget? 

For example:

Project # 1234

Task 1.0 - Budget = 100 USD

When you try to create an expenditure for Project #1234 Task 1.0 (Req / PO / Receipt / Supplier Invoice / Misc Trans / Inventory Misc Trans, etc), Oracle should prevent you from saving/transacting that expenditure for the project because you are trying to go over the budget limit.

I do not want to integrate with GL Budgets.

If there is a function/setup that can be done for it, could you please provide the setups needed ?

Thanks.