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The phrase "execution of funds" is correct and usable in written English.
It is typically used in the context of business and finance, referring to the act of transactions made with funds (money). For example: "The successful execution of funds has allowed us to complete the project on budget."
Exact(1)
-- Urge partners to expedite the execution of funds donated by GER to the ANA TF aside from the prioritised projects and submit proofs of employment of funds in accordance with the US/NATO/SHAPE MoU as soon as possible.
Similar(59)
That would give him, he said, more authority and "the oversight and execution of that funding".
Funds-of-funds are hot.
All advisers were integral to the development, funding and execution of all aspects of research.
The promise to that majority that the new governor will be able to fulfill most easily is his popular vow to use state funds for the execution of human beings.
Funds of funds increase that.
AKS – acquired funding, supervised the overall execution of the study.
VB and FT designed the study, secured funding and supervised the execution of the study.
The execution of his will later proved difficult and the funds were never used for the purpose he had intended.
"Stable and predictable funding is critical to the proper execution of our mission".
I played an active role in the writing and execution of numerous project proposals presented to national and regional funding bodies.
More suggestions(3)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com