Admins, Fund Codes: Fund Codes for PDA

ebrary doesn't change your Fund Code balances.  ebrary will add funds to your PDA account as requested, but it is up to you to increase the balance of any associated Fund Codes as desired.To be alerted if PDA or FUND CODE funds run low you must configure the alerts, see:  low-funds-alertFund Codes are optional, but they can be a powerful tool to:1. Track purchases by department

If you're using Fund Codes solely for departmental tracking, and you don't want those Fund Codes to accidentally run out of funds before your actual PDA account runs out of funds, you can set your Fund Code balance to a very large amount (such as $900,000)

2. Set a limit on the amount certain PDA profiles can spend

If, for example, the amount of actual funds allocated to your PDA account is $10,000, but you want a particular set of PDA profiles to spend no more than $7,000 of that total, you can create a Fund Code with a starting balance of $7,000 and assign that Fund Code to each of those PDA profiles. Then if purchases or loans from those PDA profiles exhaust the Fund Code's balance, all PDA profiles assigned that Fund Code will be paused

3. Control when PDA profiles are active and when they're paused

If, for example, you're setting up your PDA profiles and you're not ready for them to be live, you can create a Fund Code and set it to status "Paused". Then any PDA profile you assign that Fund Code will be inactive until you set the Fund Code to status "Enabled"

HOW FUND CODES WORK:Fund Codes can also be used with non-PDA perpetual-access orders,see fund-codes-orders