Budget

Overview:

The Budget window allows the user capturing the dollar budget data for the current fiscal year to be distributed by fiscal period and by financial coding block (FCB).

The goal is to identify surplus or deficit (variance) while comparing the budget with the actual expenditures.

The budget could be input using an interface from the financial system to Human Capital or could be entered manually.

The only revised budget amount is used in reports for the calculation of variance.

Navigation:

Human Capital ►Payroll and Financial ►Budget Import ► Budget

Budget screen fields:

Fields	Description
COA Group	Read-only. The COA Group for Budget Entry. It will display the active COA Group for Budget Preparation Level.
CodingBlock	Refers to the Coding Block associated to the Budget
Language	Select the language used in the screen.
Description	Description of the budget.
Initial Budget	Initial amount of the Budget. The amount is the sum of the Initial budget entered in the Details Tab. This field is Readonly
Revised Budget	Revised amount of the budget. The amount is the sum of the revised Budget entered in the Details Tab. This field is Readonly.
Budget Details Tab	Displays the details of the budget per fiscal period.

Budget Item

Budget Items

Fields	Description
Accounting Period	Accounting Fiscal Period
Initial Budget	Initial Budget
Revised Budget	Updated when the Budget Import selected is 'Revised Only'