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Understanding Earmarked Funds (i.e., Manual Reserves)
September 7, 2023 @ 1:30 pm - 3:30 pm
Location: Virtual Training Session
Duration: 2 hours
Format: Lecture + Demonstration
Earmarked Funds (a.k.a., Manual Reserves, Funds Commitments and Encumbrances) are created by departments in FIS to reserve available budget dollars for expenses that are not processed through HRIS (e.g., payroll) or Logistics (e.g., POs). They enable you to set aside/reserve budget dollars for future expenditures. This workshop defines Manual Reserves and provides demonstrations of how to process and report them in FIS.
Topics include:
- What are Earmarked Funds and why we use them?
- Creating Earmarked Funds
- Making changes to Earmarked Funds
- Generating reports on Earmarked Funds
Prior to attending this course, it is highly recommended that you complete the FIS Standard Curriculum.