Multiple Funding Streams allows you to allocate work by different sources of revenue
Would you like a separate report that breaks down which funding stream each work project is to be funded from? Turn on the Multiple Funding Streams feature to achieve this.
1. What is Multiple Funding Streams?
Multiple Funding Streams allow you to apply a funding category to each planned work project. Many bodies corporate have different sets of buildings or units and would like to separate spending into different tables. They might have blocks or buildings that are of different construction or built at different times. Or they might want to differentiate between commercial and residential units. Whatever the form of the development, their requirement is that one group of owners pay for work that is not the responsibility of the rest of the owners. So they want to separate out the job costs, budgets, and funding.
2. If you would like to use Multiple Funding
Multiple Funding is turned on by selecting a radio button behind the Plan Settings Panel in the Dashboard for your account in Plan Heaven. Note: A body corporate can appoint any number of persons it chooses to access the Account and Dashboard, but we can also manage all or some of this for you.
Once the feature is activated, you can add as many different Funding Streams as you like and use your own naming conventions.
At the time of having us set up your LTMP, we will discuss this with you and set them up as required. They can be renamed, deleted, or new ones added later if required.
3. Reporting and Reviewing
Within your LTMP, there will be a table listing the total of all the jobs planned along with the projected cost and the year the work is planned. But if you want to see these jobs listed under their separate funding streams, you will need to print another separate report (or we can print it for you). Your LTMP will be quite a lengthy document with just the primary data, and we've learned it's best not to clutter it with data listed under different categories, particularly if it's a 30-year LTMP.
Summary
So, if you would like a separate report that lists your planned works in different funding streams, just ask us to turn on the feature.
NOTE: At the time of updating this file, the Multiple Funding Streams feature was still in beta and is expected to be available for wide release by 1 April 2025.
Ends
Last updated 30 January 2025. JB.
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The Plan Heaven team.
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