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How to Set Up an Outbound Grant Budget?
You can set up a budget for the outbound grant to allocate funds effectively by following the steps below.
1. Navigate to Mem360 Dashboard and enter M360 - Outbound Grant Budget in the Search field.
The M360 - Outbound Grant Budget List page is displayed.
Note: You can alternatively create a new budget from an Outbound Grant page by navigating to Budget and clicking New M360 - Outbound Grant Budget as illustrated in the image below.
2. Click New M360 - Outbound Grant Budget.
3. Enter or select the values of the fields as required.
Please refer to the table below for the field names and descriptions.
Note: All the fields with an asterisk (*) are mandatory.
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Field
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Description
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CUSTOM FORM
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Preferred options available to customize the Outbound Grant Budget form
By default, the M360 - Outbound Grant Budget Form is selected.
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NAME
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Name of the outbound grant budget
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INACTIVE
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Deactivates the outbound grant budget
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OUTBOUND GRANT
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Outbound grant associated with the grant budget
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BUDGET CATEGORY
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Category to which the budget belongs based on its funding method
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DISBURSE FROM
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Source from which the outbound grant budget is distributed
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DISBURSE TO
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Recipient to which the outbound grant budget is allocated
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BUDGET AMOUNT
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Specific amount allotted for the outbound grant budget
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DISTRIBUTION PERCENTAGE
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Specific percentage of the budget allocated to the associated outbound grant budget for distribution
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OUTBOUND GRANT BUDGET NAME
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Unique identifier corresponding to the outbound grant budget name
This field is autopopulated upon the selection of OUTBOUND GRANT.
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BUDGET CATEGORY BUDGET NAME
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Unique identifier associated with the name of the budget category
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4. Click Save.
The outbound grant budget is successfully created.