What is incremental funding in gfebs?

Incremental funding in the General Fund Enterprise Business System (GFEBS) refers to the process of allocating budgetary resources in stages rather than in a single lump sum. This approach allows for more flexible financial management, enabling organizations to adjust funding based on changing needs or project progress. Incremental funding helps ensure that funds are available for specific phases of a project while minimizing the risk of overcommitting resources upfront.