/
Budget Rolled Forward on Multi-Year Life-to-Date Fund Accounts

Budget Rolled Forward on Multi-Year Life-to-Date Fund Accounts

Description of Issue
  • Why did positive or negative budget amounts roll forward on Account(s) 
  • Prior year available budget shows as current year original budget without manually posting a Budget Completion Journal (BUC)
Context
  • General Ledger
Cause

Fund is defined as Multi-Year Life-To-Date (MY LTD) and is working as designed.

Resolution
  1. Enter a Budget Transfer and Amendment (BUA) to adjust budget as needed.
    • Fixing Current Year (CY) will update Account Inquiry Transfer In/Out updating Revised Budget and Available Budget would adjust accordingly
    • Updates to prior year with BUA periods 1-12 would automatically roll forward adjusted available budget amount to CY triggering a Budget Completion Journal (BUC) original budget
      • NOTE:  MY LTD funds will not allow BUA posted prior to initial established Budget. Established Budget is equal to first date/period of initial BUC/BUA posted to account.
Additional Information
  • If the fund type is incorrectly setup in Chart of Account Segments Munis Financial General Ledger Support to obtain a fund change request form and to review how many year end closures fund has been though.