Issue in Funds Management

Hi Gurus,
I am facing one problem in Funds Management.
I have created budget document using transaction code FMBB. after when I am trying to create purchase requisition, system is giving the following message.
'Annual Budget exceeded by 3,20,000
But this is first time, I am creating purchase request in the funds center, before that no actual documents or no commitments are posted to the same funds center.
Example:
I have entered 3,00,000 budget amount for Funds Center 1200. When I try to create purchase requisition for amount of 20,000, system is giving message that budget exceeded by 3,20,000 or If try to create purchase requisition for the amount of 30,000 then message is 'Budget Exceeded by 3,30,000.
Please help me in resolving this issue. Because of this error, we are not able to do further testing in Funds Management.
Regards,
Ganesh Lokam

Have you re-initialized your AVC ledger by running FMAVCREINIT? Your ledger may need to be reinitialized if it is not a config problem.

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