1. Working with Planning Modules
  2. Working With Financials
  3. Working with Budget Revisions and Integrating with Budgetary Control
  4. Revising Budgets in a Budget Revision

Revising Budgets in a Budget Revision

To make revisions in a budget revision, and validate that your changes meet the controls in a Budgetary Control control budget:

  1. From the Home page, click Financials, then Budget Revisions, and then Manage Revisions.
  2. Right-click the budget revision to enter revised data for, click Revision Options, and then click Direct Entry or Trend Based Revision.

    Direct entry is useful if you are making just a few specific, targeted revisions.

  3. Select the type of values to adjust, for example, Expenses.

  4. Select the members for your budget revision in the POV.

    Depending on how the revision was created, revised values might be pre-populated for your budget revision, as a starting point.

  5. Enter adjustment values, depending on the type of revision, and then click Save.

    For Direct Entry, change values directly on the form as needed.

    For Trend Based Revision, select a trend type, and then enter a percentage increase or decrease. Select from one of these trends:

    • Current Period Actual
    • Current Year Encumbrance
    • Net Current Budget
    • Current Year Approved Budget
    • Current Year Original Budget

  6. To check funds for the proposed revisions in the worksheet, right-click the grid, click Funds Check, and then click Launch.

    This action makes a call to Budgetary Control to check funds and validate that the budget revisions you are proposing meet the controls set in Budgetary Control. Click the Funds Check Results tab to see line level detail for the results. You see results for your login and for your changes in the revision. Review and resolve any errors, and repeat the funds check until all errors are resolved.

    To check funds for the entire revision, see Checking Funds Availability.

    Tip:

    You can use the Funds Available report to check for available funds during your revision process.

  7. Enter additional details as needed that are set up for the revision. To enter line notes or line attachment URLs for an account, right-click a cell and then click Enter Line Level Descriptive Details, and then enter details.
  8. Run the Rollup rule.
  9. Click Save to save your changes, and then close the form.