The Expendable Funds Module was developed to help clients track the balances of spendable funds within Fundriver, that are not part of the Endowment Pool. Funds within this module will not receive any investment earnings or allocations. Funds in this modules will not be unitized.
Funds tracked within this module are for informational purposes, and transactional activity can be entered at the fund level. A suite of reports will be available, including an Expendable Fund Estimated Budget Report; an Expendable Fund Activity Report with drill down showing the activity in the Expendable Fund with the ability to drill down in to detail within certain fields; and an Expendable Mapping Report that will show how or if an Expendable Fund is linked to an Endowed Fund.
Cash is not impacted within this module, and there is no periodic reconciliation process.
An Expendable Fund can be linked to an Endowed Fund if desired. This link would allow the spending transaction created from the Endowed Fund to automatically be populated in the Expendable Fund as revenue.
An Expendable Fund can also be a stand-alone fund, with no Endowed link, and just used for tracking purposes.
Interested? Contact support@fundriver.com for more information!
*NOTE: This module was previous titled Non Pooled Funds but had been renamed to Expendable Funds.