Budget Method
The Budget Method page allows authorized users to select the initialization method and define the percentages each classification uses for calculating budgets. To access the Budget Method List page, go to Financial Management > Budget Preparation > Budget Methods. Click the hyperlink in the Classification column to open the Budget Method page.
- Select the Initialization Method to use when initializing a budget and calculating the percentages for the classifications selected. The default selection is Miscellaneous Transactions.
Note: The Initialization Method “Last Year's Posted Biennial” only appears in the drop-down list after the Budget Year is switched to Year 2 in Company FM Settings.
- In Change Factor, type the percentage to use when initializing budgets for the classifications selected. The acceptable range of entry is .01% through 999.99%.
- Select the Carry Over Budgets at Year End check box if budget amounts should be carried over at the end of the year. It may be changed at any time provided that no Funds (Organization 1) exist where the Validated for Soft Close flag is selected.
- If the budget cycle is Biennial and your organization is in Year 2, select the Initialize with Prior Year Transactions check box to initialize with transactions of the previous year.
- Click Save to retain the settings and apply the mass change. Click Save/New to save the setting and define another one.
Note: Click Prev or Next in the top right corner of the page to move to the previous or next record, respectively.
Delete a Budget Method
To delete a budget method click Delete.
The Delete button is hidden or disabled if you do not have the appropriate security permissions. If you are authorized, when you click Delete you are prompted to confirm the deletion.
Reset
To reset all entries to the state they were in when the page was last saved, click Reset.