What are the two core processes that comprise Funds Management in GFEBS?

In GFEBS (General Fund Enterprise Business System), the two core processes that comprise Funds Management are Budget Execution and Funds Control. Budget Execution involves the tracking and management of budgetary resources throughout their lifecycle, ensuring that funds are used in accordance with the approved budget. Funds Control focuses on monitoring and enforcing compliance with budgetary constraints to prevent overspending and ensure fiscal responsibility. Together, these processes enable effective financial management and accountability within the organization.