Equal to Billings Before Retainage

Costpoint summarizes the amounts in the Amount Billed column on the Manage Project Bill Summary screen for the fiscal year, up to and including the period being calculated.

It summarizes the amounts in the Amount Retained column on the Manage Project Bill Summary screen for the fiscal year, up to and including the subperiod being calculated. It adds the Amount Billed and Amount Retained values to arrive at the YTD billed amount before retainage.

Revenue recognized for the fiscal year, up to and including the current subperiod being calculated in the PROJ_SUM table, is summarized. The PROJ_SUM amount is subtracted from the YTD billed amount before retainage to arrive at the amount of YTD revenue not yet recognized. The PROJ_SUM table is updated with this amount. Revenue, for all fiscal years before the fiscal year being computed, is summarized and added to the YTD revenue not yet recognized to arrive at the ITD revenue. The ITD number is compared to either the total contract ceiling or the funded value ceiling found on the Manage Total Ceilings screen.

If the ITD revenue exceeds the total project ceiling, the amount over the ceiling is posted to the owning organization in the subperiod being calculated as an over-the-ceiling amount. This reduces revenue to the ceiling amount.