Configure Budget Setup
This section of the 01 Budget Configuration driver defines basic parameters for each budget group, such as pay periods and the fiscal year's start and end months.
This table describes the options in this section.
| Option | Definition |
|---|---|
| Payroll27 - YTD Biweekly Pay Periods | Indicates how many pay periods have occurred in the current fiscal year. This is used when budgeting for a year already in progress. |
| Financial - Current Fiscal Year Period |
Indicates the current fiscal year period. This is used when budgeting for a fiscal year already in progress. When building a new budget, the value entered here must match the Current Period of your data sources. IMPORTANT: Enter a specific number. Do not use the KHAPeriod formula—it changes and will cause your data to become out of sync. Changing this value will recalculate the YTD calendar days and affect results throughout the system. For example, if this is set to 7 but your budgets were built using 8 months of data, most values will be overstated. |
| Year of Fiscal Year End | The calendar year when the fiscal year ends for the budget. |
| Fiscal Year Beginning and End Month | The months when the fiscal year starts and ends for each budget plan file. |
| Current Year Beginning and YTD Date | Shows when the current year budget started and when YTD data was imported. |
Budget Configuration includes the following tasks:
