9.2 Creating a Project Budget

Purpose:  Use this document as a reference for creating and modifying a budget for a project in ctcLink.

Audience: Finance/Grant Staff, Capital Project Manager

You must have at least one of these local college managed security roles:

  • ZZ Project Cost Entry-Maint
  • ZZ Project Costing Processing

You must also set these User Preference Definitions:

If you need assistance with the above security roles or User Preference Definitions, please contact your local college supervisor or IT Admin to request role access.

After the Project or Program has been created in Project Costing (Start & End dates, Location and Activities added, and User Field #5 added for Capital Project) the next step is to create a Project Budget.

Creating Project Budgets

Navigation: Project Costing > Budgeting > Budget Plan

  1. On the Budget Plan search page, select the Add a New Value tab.
  2. Enter or look up the Business Unit.
  3. Enter or look up the Project.
  4. Select the Add button. The Budget Plan page will display.
  5. On the Budget Plan page General tab, enter the Description.  (Max 25 characters). Select Save.
  6. Select the Budget Detail icon. The Budget Detail page will display.
budget plan page enter description and select budget detail.
  1. On the Budget Detail page, select the Budget Items icon.  The Project Budget Items page will display.

The following Project example has 2 Activities: Applied Arts Remodel and Demo.

select the budget items icon on budget detail page
  1. From the Spread Option drop-down list select Adjust by Amount.
  2.  On the Project Budget Items page, enter or look up Project Budget Item.
  3. Enter a dollar amount for the budget item in Budget Adjustment.
  4. Select the Distribute Budget button.

Use the plus icon to add additional Budget Items/rows. 

project budget items pagelet
  1. The system will display a message 'New Budget Adjustment __ does not match the original Budget Adjustment of 0.'  
  2. Select Yes.  
  3. The Project Budget Items page will display.
select yes on confirmation message
  1. The Project Budget Items page displays. Select the General Ledger Detail tab.
  2. Enter Operating Unit.
  3. Enter Fund Code.
  4. Enter Department.
  5. Enter Class Field.
  6. Enter Appropriation, if needed.
  7. Enter State Purpose.
  8. Select OK.

NOTE:  Only the following Fund Accounts can be used within the Grants/Project Costing Modules:    057, 060, 145, 147, 253, and 357.  

general ledger detail tab on project budget items page
  1. The Budget Detail page displays. On the Budget Item row, select the Even Spread button for each of the Budget Items. You will notice that the Status will change from a yellow triangle to a green check mark on each line.
  2. Select Save.
select save on budget detail page

Note: The system evenly spread the amount across the periods.

The Status of the Budget Item has been changed from Budget not eligible for finalization to Budget eligible for finalization.

  1. Select the Return to Budget Plan link. The Budget Plan page will display.
select return to budget plan link
  1. On the Budget Plan page, select the Finalize button.
  2. The system displays a Message confirming the Finalization process was initiated.
select finalize tab on budget plan page
  1. Select OK then select the Process Monitor.
Confirmation message displays
  1. The Process Monitor page will display.  Select Refresh button until the Run Status = Success and Distribution Status = Posted. Process Please refer to the Process Scheduling QRG for instructions.
select go back to budget plan link
  1. Navigate back to the Budget Plan Finalize tab to view the Total Distributed Budget equals the Finalized Amount. 
view the Total Distributed Budget versus finalized amount
  1. Section complete.

Video Tutorial

The video below demonstrates the process actions described in the steps listed above. There is no audio included with this video. Select the play button to start the video.

Video Tutorial via Panopto

View the external link to Creating Project Budgets. This link will open in a new tab/window.

Modifying Project Budgets

Navigation: Project Costing > Budgeting > Budget Detail

  1. The Budget Detail search page displays. Enter Business Unit.
  2. Enter or lookup the Project.
  3. Select the Search button.
  4. The Budget Detail page displays. Select the Budget Items icon.
  5. The Project Budget Items window displays.
  6. Select Spread Option = "Adjust by Amount".
  7. Add an additional line(s) by selecting the Add a New Row [+] icon(s).
  8. Enter or lookup the new Project Budget Item.
  9. Enter the new Budget Adjustment amount.
  10. Select the General Ledger Detail tab.
Select budget items icon and enter new budget info
  1. The General Ledger Detail tab displays. Notice the 'GL Business Unit' and the 'Account' auto populates from entering the Project Budget Item.
  2. Enter the appropriate Accounting Distribution or ChartString; i.e. the Operating Unit, Fund Code, Department, Class and Appropriation.
  3. Select the Distribute Budget button.
  4. A message displays 'New Budget Adjustment of [insert amount here] does not match the original Budget Adjustment of 0.'. Select the Yes button.
Enter ChartString and distributute, then select OK.
  1. The message window disappears. Notice the Undistributed Adjustment amount. Select the OK button to return the main Budget Detail page.
Select the OK button
  1. The Budget Detail page displays. Notice that the Budget is still not eligible for finalization (yellow caution triangle).
  2. Select the Even Spread button. You will now notice the Budget is eligible for Finalization (green check mark!).
  3. Select the Save button.
  4. Select the Budget Plan hyperlink to return to Budget Plan.
Select the Even Spread button
Save page and select Budget Plan link
  1. The Budget Plan page displays.
  2. Select the Finalize tab.
  3. Select the Finalize icon. A message window displays 'Budget Plan Finalization has been processed.' Select the OK button. Select the Process Monitor link to view the status. The process is finished when the Run Status = "Success".  For more information, please refer to the Process Schedule Request steps for further instructions.
Select the Finalize button
  1. A successful budget adjustment will reflect the changes where the Total Distributed Budget = Finalized Amount.
Verify Total Distributed Budget = Finalized Amount

Navigate to view Project Budget Items to verify valid Chartfields (no editable boxes) and Undistributed Adjustment is zero.

Verify no editable boxes
  1. Section complete.

Video Tutorial

The video below demonstrates the process actions described in the steps listed above. There is no audio included with this video. Select the play button to start the video.

Video Tutorial via Panopto

View the external link to Modifying Project Budgets. This link will open in a new tab/window.