Gravity - Moving a Fund Between Major and Nonmajor Sections

If you want to move a fund between the Major and Non-Major sections, this article explains how.

Update the Fund Mapping File

• Navigate to the Report Tree.
• Search for the Administration folder.
• Open the Fund Mapping File.
• Modify the Reporting Fund:

  • Change reporting fund code for the fund that needs to be moved to code that reflects the appropriate section.
    
     

    

Add a New Reporting Fund in MDFM

1. Navigate to Administration > Dimensions.
2. Place the new fund within the appropriate GASB fund category under the ‘Statements’ folder, such as:
   • Reporting Funds - Governmental Funds

   • Reporting Funds - Proprietary Funds
     
      

     

     
      

3. Data Upload

• Follow the instructions in the Data Upload section to upload data.

4. Update the Statement Structure (If Needed)

1. Add new dimension members to the Statement Structure (if there are no), such as:
   • “Restatement”
   • “Beginning balance, as previously reported”
   • “Beginning balance, as restated”
2. Add formulas for the newly created dimensions, only if necessary.
   • Note: Do not edit or add dimensions if all required line items already exist in the statement structure.

5. Make Adjustments for Restatement

1. Perform a reclassification adjustment for the beginning balance:
   • Reclassify the amount of the beginning balance, as previously reported, from the old Reporting Fund Code to the new Reporting Fund Code.
2. Refer to the Posting Adjustment section for detailed guidance.

6. Validation

• Ensure fund has two Reporting Fund Codes:
  • The original Reporting Fund Code (now unused).
  • The newly created Reporting Fund Code.
• Important:
  • Do not move a fund directly between sections in MDFM Administration.
  • Suppress the old fund during the MDFM Import stage if it should not appear in the statement.

Please refer to recommended structure below