Does Fundriver track spending balance if the available spending gets carried forward year after year?
Yes! Fundriver has an option we call Spending Bucket Function which treats the available spending balances like a budget. When you “Create Distributions” within Fundriver, this creates that Spending Bucket (budget) amount based on the spending rule parameters set up within Fundriver. This does not impact cash flow. Distributions are then posted as the expenses occur. This reduces the cash in the pool and reduces the Spending Bucket (budget) amount available.