For decreasing funds on an award, what method is used in Post-Award PRs?

Decremental funding is the method used in Post-Award Purchase Requisitions (PRs) when dealing with decreasing funds on an award. This approach specifically accommodates scenarios where the allocated budget must be reduced due to various factors, such as project scope changes or reduced funding from the source.

In the context of the GFEBS Spending Chain, decremental funding reflects the reduction of funds while ensuring that the financial records accurately represent the current financial status of the award. This allows for more precise tracking and management of available resources, ensuring that ongoing obligations can still be met within the new budget constraints.

This method helps maintain financial accountability and allows project managers to adjust their spending strategies based on the new funding levels. By using decremental funding, organizations can reflect changes in appropriations directly within their systems, effectively managing their budget while safeguarding against overspending.