Budgets

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 the interface from the financial system to Human Capital or could be entered manually.

Only revised budget amounts are used in reports for the calculation of variance.

Navigation

Human Capital ► Budgeting and forecasting ► Budgets ► Budgets

Budgets screen fields and tab

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

Budget Details

Overview

Displays the details of the budget per fiscal period.

Budget Details screen fields

Fields	Description
Fiscal Periods	Displays the list of the fiscal periods for the selected fiscal year the user has logged in. Note: The same Fiscal Period cannot be selected twice.
Initial Budget	Initial amount of the Budget; usually captured at the beginning of the fiscal year.
Revised Budget	Revised amount of the budget. Amount updated during the course of the fiscal year.