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Manage Disbursements
Set up disbursements in Grants Management to track outgoing funds.
- Create a Disbursement
A Disbursement helps schedule and track outgoing funds to funding recipients. It’s important to note this doesn’t perform the act of disbursement, such as depositing funds into a recipient's bank account.
Create a Disbursement
A Disbursement helps schedule and track outgoing funds to funding recipients. It’s important to note this doesn’t perform the act of disbursement, such as depositing funds into a recipient's bank account.
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While viewing a Funding Request that has an Awarded Amount, click Create Disbursements.
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Enter the Number of Disbursements. For example, enter 4 for four separate payments to the awardee.
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Select the disbursement frequency in Interval and Period. For example, an Interval of 1 and Period of Month indicates one payment every month for 4 months.
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Select a First Date when the initial disbursement begins.
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Enter the total Amount of the Funding Request to disburse, if different from the Amount Awarded. You can’t disburse funds greater than the Amount Awarded, but you can disburse less.
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Click Calculate to calculate a disbursement schedule based on the Number of Disbursements, Interval, Period, First Date, and Amount fields.
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Click Save.
