RDA Systems Inc

Main Page → Budget Preparation → Documentation → Revenues → Create Revenue Budget ID

What this process does

• A Budget ID is created with the account codes associated based on the range criteria selected. No estimated revenues are created with this process. To access the Budget ID and view all associated records, select Fiscal Budget Master. The Budget ID masters (with only the name, type and description) may be viewed and edited from Setup, Budget IDs.
• This process should be run each time a new Budget ID / budget scenario is needed.
• In order to have Expenditure and Revenue account codes within the same Budget ID, the Create Revenue Budget ID process needs to be run using the exact same Budget ID that was used for expenditures (see Best Practices). Note when creating a Budget ID that contains both types of account codes, the Budget Name and Description will be updated with the information entered in those fields based on the most recent Create Budget ID process.

Best Practices

• One Method - This process is the only method to create a Budget ID.
• Budget ID - Use the same Budget ID for the appropriations and estimated revenue budgets; this facilitates use of the Combined Account reports and allows use of fund balance to display in the reports. For example:
  • INITIAL
  • PRELIMINARY
  • RECOMMENDED
  • ADOPTED
  • APPROVED
• Add Account Codes - If there will be new account codes for the Budget Year, add via the Budget Prep Revenue Account Master prior to creating the Budget ID.

Requirements

• Retrieval – Revenue Account Codes for the new Fiscal Year must be retrieved, prior to running this process, in order to create the association with the account codes and Budget ID.

Create Revenue Budget ID

• Finance → Budget Preparation → Rev tab → Create Revenue Budget ID
• Once the range screen is populated as needed, select the Write to Database button.