How to choose the correct Funding Stream Limit
Funding Stream Limits (FSL) is a feature that allows a customer to ensure they are providing the greatest flexibility in services to the Individual while maximizing potential billing.
iCM provides several different FSL options depending on the type of Funding Stream Award you are tracking in the Individual’s Profile and Attendance. This article will review the options to help you chose the best option for each type of award.
Money based awards
An Individual is awarded a specific amount of money to be utilized over a time period. This award may include money that must be used each month or at any time during a time period.
- Money: provides input for a Start and End date and the Funding limit. The limit could be utilized at at time between the dates. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
- No Limit: an option (and default) to not track money use. Attendance will not calculate any entries.
- Monthly Funding: (select Money first) provides input for a Start and End date and then requires entry into each monthly bucket where the money is approved for use. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
- With each new year’s award, choose the blue Add New Units, enter your dates, monetary amount and save.
- This will maintain a running history of each year’s monetary award.
Minutes/Hours/Days/Units based awards
An Individual is awarded a specific number of Units (Minutes/Hours/Days/Units) to be utilized over a time period. This award may include Time, No Limit, Monthly Funding and Timespan Funding Limits.
- Time: provides input for the number of Minutes/Hours/Days/Units per Day/Week/Month/Year/Fiscal Year for X years. An older setting that is no longer recommended for customers looking to fully leverage iCM.
- No Limit: an option (and default) to not track Unit limits. Attendance will not calculate any entries.
- Monthly Funding: provides input for a Start and End date and then requires entry into each monthly bucket where the units are approved for use. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
- Timespan Funding: provides input for a Start and End date and the Funding limit. The limit could be utilized at any time between the dates. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
With each new year’s award, choose the blue Add New Units, enter your dates, Units and save.
This will maintain a running history of each year’s Unit award.
Stipend based awards
An Individual is awarded a monthly stipend for services provided. Generally 1-2 Units a month.
- Monthly Stipend: provides input for the number of Stipends per Week/Month/Year/Fiscal Year for X years. An older setting that is no longer recommended for customers looking to fully leverage iCM.
- No Limit: an option (and default) to not track Stipend limits. Attendance will not calculate any entries.
- Monthly Funding: provides input for a Start and End date and then requires entry into each monthly bucket where the Stipends are approved for use. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
- Timespan Funding: provides input for a Start and End date and the Funding limit. The limit could be utilized at any time between the dates. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
With each new year’s award, choose the blue Add New Units, enter your dates, Stipends and save.
This will maintain a running history of each year’s Unit award.
Milestone Based
An Individual is awarded one Unit for services during a timeframe to be used at any given time without the timeframe.
- Milestone: provides input for the number of Stipends per Week/Month/Year/Fiscal Year for X years. An older setting that is no longer recommended for customers looking to fully leverage iCM.
- No Limit: an option (and default) to not track Stipend limits. Attendance will not calculate any entries.
- Monthly Funding: provides input for a Start and End date and then requires entry into each monthly bucket where the Milestones are approved for use. While the calendar defaults to 1 year, customers may reduce the dates as required. This option would rarely if ever be used.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
- Timespan Funding: provides input for a Start and End date and the Funding limit. The Milestone can be utilized at any time between the dates. While the calendar defaults to 1 year, customers may reduce the dates as required.
- In the Attendance Module, exceeding the limit will provide a yellow warning pop up indicating that the limit has been exhausted. This will not prevent staff from continuing to enter data.
With each new year’s award, choose the blue Add New Units, enter your dates, Stipends and save.
This will maintain a running history of each year’s Unit award.