What Are Encumbered Funds?

Answer

Encumbered funds are funds already committed to something. Business and non profits both often deal with encumbered funds. Business generally deal with the situation when trying to find finances to purchase something. If the funds are encumbered they can only access the specific amount of money assigned to purchase the item. Churches most often deal with encumbered funds when accepting a donation that comes with a stipulation as to what donated funds must be used for.
Q&A Related to "What Are Encumbered Funds?"
Two possibilities: might be funds that were pledged as collateral for a loan or grant; or it might be funds that are designated for a specific purpose. For example, funds left by
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WG. said: 2. Hi and thank you so much for your response. I'm using an accrual basis and QB version Pro 2010 in bookkeeping for my church. For "pass-thru" funds where we
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Funds are encumbered when a purchase order is created.
http://sceisqaweb.sc.gov/faq-category.aspx?id=11
As soon as the form/firm or replacement order is entered into ANTPAC, the funds are encumbered. At the next posting, the change in the encumbrance will be reflected in the fund accounting
http://ts.lib.uci.edu/acqfaq.htm
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Encumbered funds are funds already committed to something. Business and non profits both often deal with encumbered funds. Business generally deal with the situation ...
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