Hi Sam,

If you create the Next Fiscal Year in GL, nothing changes in PO Event budgets. They have no ability to differentiate fiscal years. The GL retrieve only looks at the current fiscal year. So you would have to finish off your current year and run the maintenance>close in GL before you can retrieve the budgets from the new year (which would then be the current year). And since the "Amount spent" is retrieved from GL in that process, it would reset to the balance of the GL account retrieved. The Amount committed, still reads your open PO's.
So the issue is that you won't be checking against the next year budgets if you create PO's with a next fiscal year date while the current year is still open in GL.