Year end activities (1)

FM area uses fiscal year May - April

Fund F1: 01/xx - 12/xx

Fund F2: 03/xx - 02/xx+1

At the end of the year, open items and budget is carried forward for F1 and F2.

F1: Budget 1000 - 400 = 600; Commitment 300; Commited budget 300; Remainder 300

F2: Budget 1000 +400 = 1400; Commitment 300; Commited budget 300; Remainder 1100