How are Purchase Requisitions linked to financial obligations in GFEBS?

Purchase Requisitions play a vital role in the financial management processes within GFEBS (General Fund Enterprise Business System) by directly creating obligations against a specified budget when they are approved. This means that once a purchase requisition is submitted and approved, it reflects a commitment to spend a certain amount of funds from that budget for the goods or services requested.

This linkage allows for accurate tracking and management of budgetary resources, ensuring that the organization adheres to its fiscal constraints and financial accountability requirements. By establishing this obligation, GFEBS helps to prevent overspending and promotes responsible financial planning within the agency.

The other choices suggest that there is no connection or that the connection serves only for specific purposes, which overlooks the critical function that requisitions serve in budget management and financial obligation tracking. Thus, the bipartite relationship between approved requisitions and budget obligations is central to effective financial governance in GFEBS.