Initialize Budget

The Initialize Budget page allows authorized users to determine the funds that will be used as a basis for calculating a new budget using the budget method selected. To access the Initialize Budget page, go to Financial Management > Annual Budget Processing > Budget Preparation > Initialize Budgets.

In Budget Year, select the year in which to initialize the budget. If budgets are being initialized for the first time, the default is the current budget year defined on the Annual Budget Settings tab on the Company FM Settings page. If budgets have been initialized, the default is the year used to initialize the budget. The year that displays pertains specifically to the user logged in.
In the Available Funds list, select all organization 1 elements to include in the budget initialization process and move the fund to the Selected Funds list. At least one fund must be selected.

Click Initialize. If any of the selected funds have already been initialized, a warning message is displayed. If you choose to continue, the process replaces all duplicate funds and any that have not been initialized.