What is the definition of a Funded Program (FP) in GFEBS?

The definition of a Funded Program (FP) in GFEBS is that it represents the lowest level of the Funds Management (FM) chain. This is crucial as the Funded Program serves as a detailed segment within the broader financial structure, enabling more precise tracking and management of financial resources assigned to specific projects or activities. At this level, organizations can control budget allocations, expenditures, and financial reporting, making it essential for effective financial governance.

By defining the Funded Program at this granular level, GFEBS allows for enhanced oversight and accountability of funds, ensuring that financial resources can be managed in alignment with strategic goals. This clear hierarchy beyond the Funded Program into higher levels, such as funds centers and cost centers, provides a comprehensive framework for fiscal management.