year of cash effectivity (PSM-FM)

One year or years in the time horizon for which planned revenues are due or expenditures are carried out.Normally, budget is planned for revenues and expenditures to be paid for in the planning year (fiscal year). In some cases, however, budget is planned for revenues and expenditures which are not effective until subsequent years.This budget is therefore valid for the planning year as well as for the year(s) of cash effectivity. The number of years that are defined as cash-effective is defined per budget category and is dependent on the specified time horizon.