Purpose: This procedure demonstrates how to manually enter a formula allotment in G5. A formula allotment is the assignment of funds for a formula record that will calculate per student costs when a student count is entered. The allotment amount entered for each formula record is generally for the total performance period for the formula record and is typically for a single budget period, though more than one budget period may exist for a single formula record. In the rare case where additional budget periods are added, there could be additional funds allotted and obligated for the record. After entering an allotment amount for a record, the amount allotted must then be allocated to the appropriate ACCS string(s) before it can be approved. The ACCS strings available may include one or many ACCS strings as defined in the associated grant schedule.
G5 Role: Program Office Staff (as long as their office is associated with the CFDA Subprogram)
Navigation Path: Grant Setup > Formula Grants > Formula Allotment
Prerequisites: The prerequisites for this topic are:
1. A grant schedule exists in G5 for the formula allotment.
2. Formula records are in "Received" status in G5.