Tuesday, March 17, 2015

Budgeting changes

While the EFS budget module won't change with the upgrade, budgeting will.


The first section of the budget entry guidelines regarding enhanced budget checking and $0 budgets is very, very important for all financial professionals to review and understand, whether you do budget entry or not.  Budget enterers will not see big changes in the budget module, but if you fail to adjust your approach to budgeting per the attached guidance, your department will start the next fiscal year in a difficult place because many transactions will fail enhanced budget checking.

The CSE collegiate deadline for submitting budgets in EFS is June 5th.  DJP

http://www.budget.umn.edu/FY16/FY16_BudgetPrepInstructionsforFinalBudgetEntry.pdf