New grants integration provides more accurate available balance information
With support from the Grants Reporting Workgroup, Modernization has created a new integration that posts a nightly update to the obligations ledger, automatically encumbering the available balance in object 14 Award Restrictions.
These are funds that are held in a restricted category either because they are going to be awarded to a subrecipient, or because they are restricted by the sponsor until certain conditions are met. Since they cannot be spent by WSU, obligating them in Workday removes them from the Available Balance shown in Budget to Actuals reports for grants, providing more accurate available balance information for research administrators and principal investigators.
Questions about this integration may be submitted via the Workday Service Desk.
Below is an example of what users will see when running reports with this integration:
