Multi-Year FUND Facts: - Fund 2, Fund 22, and Fund 360 are multi-year funds consisting of Projects that can be expended over a period extending beyond one fiscal year.
- All multi-year fund accounts are budgeted just once - in the year of its inception.
- This Project budget remains in effect over the life of the Project, which may extend beyond a single fiscal year.
- Each multi-year fund project must contain actual date ranges that fall within the fiscal year the grant began. i.e., Title I FY24 must have date ranges of 07/01/2023-06/30/2024. Not having the appropriate date range on projects will cause an out-of-balance situation in your Working Budget.
- All multi-year fund accounts must have a project number. Accounts set up without a project number that have any type of activity will cause an out-of-balance situation.
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