Budget Monthly Review and Reconciliation

  • Beginning July 1, 2011, OSBM mandated that there can be no negative pool
    account balances within State funds at the end of each quarter.
  • To assist the Budget Office with this new mandate, we have asked each unit
    to clean-up their negative BBA at the FOAP level on a monthly basis.
  • Another tool developed to assist with this process is an automated program
    that creates temporary budget entries (B22/B44) on a weekly basis. These
    entries cover negative balances at the FOAP level. The document number
    begins with “BA”.
  • Please encourage your units to check for negative BBA at the pool level.