Admin What is the primary functions of funds management Gfebs?
The Funds Management Process area incorporates both Budgeting and Funds Control / Distribution, for General Fund appropriations received by the Army. Budgeting and Funds Control / Distribution occur in both GFEBS ECC and GFEBS BI.
What are the four steps of the funds distribution process?
The first budgetary status is Appropriation from Congress. The third status is Allocation. After the transfer from Apportionment to Allocation, funds are distributed to the Command (Level 1 to Level 2 Funds Centers). The fourth status is Allotment.
What does TT peg stand for?
institutional structure that initiate program and budget development. They are identified by United States Code Title 10 functional responsibilities of the Secretary of the Army as the Organizing (OO) PEG, Manning (MM) PEG, Training (TT) PEG, Equipping (EE) PEG, Sustaining (SS) PEG, and Installations (II) PEG.
What is the lowest level of the funds management chain?
Funded Program
A Funded Program is the lowest level of the FM (Funds Management) chain.
What is gfebs funds management?
GFEBS Funds Management. For example, a cost center entered into a transaction would be associated with a budget address. Level of Funds Control is the level at which a particular Army Command chooses to control budget and formally distribute funds. Funds can be formally distributed down to Level 3 or down to Level 4.
Who executes cumulative and non-cumulative status of funds reports?
The HQDA, Command HQ and Command Budget Reporters execute Cumulative and Non-Cumulative Status of Funds Reports at their respective levels. Perform at all levels as appropriate.
What is an example of level of funds control?
For example, a cost center entered into a transaction would be associated with a budget address. Level of Funds Controlis the level at which a particular Army Command chooses to control budget and formally distribute funds. Funds can be formally distributed down to Level 3 or down to Level 4.
What is the funds management approval process in the Army?
6. Finally, a Funds Management Approverat the same Army command reviews the allocation in the system and then releases the document for distribution. Clickeach icon to learn more about the Funds Control and Distribution process.