Resolution

There are 2 options in Chart of Account Segments for funds to budget annually.

General Ledger Menu> Set Up/Chart of Accounts> Chart of Account Segments

Budget Multi-year fund annually: Fund stays Multi-year and keeps Life column in Account Inquiry for cross-year tracking/reporting, and Original budget is established each year through a projection.
1. Users can make this update themselves.
2. Click Update, select Budget multi-year fund annually, and Accept.
Annual fund: Fund will not be Multi-year, loses the Life column in Account Inquiry for cross-year tracking/reporting, and Original budget is established each year through a projection.
1. Contact General Ledger Support to review the fund.
2. Users cannot make this update, and it can only be updated by Support if the fund has not been through more than one Year End Close.
3. If the fund has been through more than one Year End Close, the change will require Professional Services, which involves a fee.
4. If General Ledger Support confirms they can make the update, please refresh Train or Test.

Changing the Budget multi-year fund annually setting will not affect amounts that currently display on the fund/accounts.
Typically, the changes in regard to Budget take effect during the Year End Close process.
If no budget is currently posted or carried forward from the prior year, your site can enter and post budget at this time.

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