Budget Amendments

Budget amendments are the transactions that increase or decrease budgets. Budget amendments can be made for the budget year in the Budget Amendments (tfbgc2540m000) session. You can make the necessary amendments after the budget is approved and activated. Also, you can amend the budget when an exception occurs.

You can perform following types of amendments:

• Increase Budget

  To increase the budget for a budget account.

• Decrease Budget

  To decrease the budget for a budget account. You cannot decrease the budget below the current allotment. You must first unrelease the allotted budget and then decrease the budget.

To process a budget amendment, complete the following steps in the Budget Amendment (tfbgc2640m000) session :

1. Specify the reason to amend the budget in the Reason field.
2. Specify the amount to be modified in the Budget Amendment field.
3. Click the Process button, to process the amendment.
4. Review the status, the Amendment Status changes from Open to Processed status.