Annual Budgeting Overview

The Annual Budget Processing module provides the tools to build accurate and reliable budgets, including budget forecasts, preparations and reports. Tyler Technologies’s New World ERP Financial Management solutions maintain current account balances, manage next year’s proposed budget figures, produce worksheet and budget reports, and enter budget adjustments to the current year. Integration with the HR/Payroll module allows position budgeting information to be fully integrated to the rest of the budget areas, to allow for a complete and accurate budget.

When the budget process is initialized, the current year budget, five preceding year budgets, and actual data for all revenue and expense accounts are used from the General Ledger master files to create the budget work files and post to the General Ledger. Up to 30 years of future budget projections are also supported using the long-range budgeting feature. Biennial budgeting is supported as well, as many agencies are beginning to adopt this budgeting methodology.

The System Administrator in your organization needs to complete setup for Annual Budget Processing before it can be used. See Annual Budgeting Setup for more information.

  • Multi-year budget forecasting up to 30 years
  • Supports zero-based budgeting or budgeting based on user-defined percentages
  • Budget Scenarios/What-if’s
  • Position Budgeting Integration
  • Flexible transaction-based input
  • Attach documents, spreadsheets, and notes to budgets at organization levels
  • Up to 7 levels of maintenance

The Annual Budget Processing module includes the following processes:

Budget Preparation
Budget Processing
See also:

Long-Range Forecasting

Biennial Budgeting