Effective Date: 1/23/2009
Any Journal Entry that contains at least one line with a Fund 34 SpeedType is considered to be a Gift Fund Journal Entry. Any Finance System user with access to create a regular Journal Entry will have access to create a Gift Fund Journal Entry.
The Gift Fund Journal Entry involves a separate series of pages within the Finance System that contain approval restrictions and Journal Entry rules (complete with system warnings and edits) that differ from the regular Journal Entry page.
The Gift Fund Journal rules, warnings and edits help ensure that gift monies are used for purposes consistent with donor restrictions. These rules will be checked during the creation and validation process when the Journal Entry is created on the Gift Fund Journal page.