How To Fix GMAVC001 - Annual budget of &2 exhausted for &1

GMAVC001 - Overview

• Message type: E = Error

• Message class: GMAVC - Message class for Grant Management AVC

• Message number: 001

• Message text: Annual budget of &2 exhausted for &1

What causes this issue?

The annual budget of the availability control ledger &V2& has been
consumed for the GM account assignment &V1&. Availability control on
outgoing amounts raised this message for the following combination of
availability control ledger, fiscal year, and control object:
&V3&&V4&
<ZH>Note:</> The control object is defined for a grant/fund/sponsored
program/sponsored class/budget time slice.
DEFINE &N& = '001'
INCLUDE GMAVC_ANNUAL_MESSAGE_EXT

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

GMAVC001 - Details

• The SAP error message GMAVC001 indicates that the annual budget for a specific cost center, internal order, or other budgetary object has been exhausted. This means that the system has detected that the total commitments and actual expenditures have reached or exceeded the allocated budget for the specified period (usually the fiscal year).
  
  Cause:
  
  Budget Exhaustion: The primary cause of this error is that the total spending (actuals and commitments) for the specified budget object has reached the limit set in the budget.
  Incorrect Budgeting: The budget may not have been set correctly, or it may not have been updated to reflect changes in spending needs.
  Timing Issues: Sometimes, the error can occur if there are pending transactions that have not yet been posted, which could push the total over the budget limit once they are processed.
  
  Configuration Issues: There may be issues with the configuration of budget control settings in the system.
  
  
  Solution:
  
  Review Budget Status: