09.22.2022 Release Notes: Advance Payment Cash Budgets

The Advance Payment Cash Budgets feature has been released which allows funders to control whether recipients can apply for and receive awards that allow for advanced payments. Below is a summary of the updates and changes. These updates affected the following guides: Administration Guide, Applicant Portal Guide, Award Management Guide, Competitive Award Management Guide, Grant Management Guide, and Advance Payment Cash Budgets Guide (new).

New

Administration

• Organizational Admin can now configure advance payment options for opportunities and awards.

Applicant Portal

• Applicants can now propose advance payment reconciliation methods, initial advance, and payment schedules.
• Application Budgets with advance reconciliation methods now capture Initial Advance summary and allocation to line items.

Awards

• Funders can now configure advance payment reconciliation methods, initial advance, and payment schedules on awards.

Grants

• Grant Seekers can now configure advance payment reconciliation methods, initial advance, and payment schedules on grants.

Opportunities

• Funders can now set allowable reconciliation methods on opportunities, including suggesting working capital rates, uploading attachments, and providing instructions for payment schedules.

Fixes

Funds

• Disabling or deleting an award now correctly returns all obligated funds from the award back to the fund. Disbursements are not returned to funds.