{"id":1758,"date":"2014-01-28T12:33:02","date_gmt":"2014-01-28T17:33:02","guid":{"rendered":"http:\/\/www.marshall.edu\/finance\/?page_id=1758"},"modified":"2015-07-17T14:57:44","modified_gmt":"2015-07-17T19:57:44","slug":"budget-adjustmentsfy15","status":"publish","type":"page","link":"https:\/\/www.marshall.edu\/finance\/budget-adjustmentsfy15\/","title":{"rendered":"HISTORICAL FY15:  Budget Adjustments"},"content":{"rendered":"<p>Information provided on this page, and linked from this page is for historical reference only. These processes are no longer valid as of July 1, 2015. The use or submission of any of these documents and\/or procedures will be rejected by the University Budget Office.<\/p>\n<hr>\n<p>Source (Revenue) &amp; Use (Expenditure) Budgets are separate components and changes to each are independent transactions as well. An increase in a Source Budget does not automatically increase a Use Budget. An adjustment to the Use Budget will be necessary.<\/p>\n<p>In order to provide good fiscal data, it is critical that transactions are recorded in the appropriate account code. Account codes have been changed significantly and will incur additional changes with the new state ERP implementation so please refer to Accounting Office web site for the latest list of account codes at <a href=\"https:\/\/www.marshall.edu\/finance\/account-codes\/\" target=\"_blank\">http:\/\/www.marshall.edu\/finance\/account-codes\/<\/a> to identify the correct account code.<\/p>\n<p><strong>Adjustment to Source Budget:<\/strong> (Account codes 5XXXXX)<\/p>\n<ul>\n<li>Submit <a href=\"https:\/\/www.marshall.edu\/finance\/files\/FY2015-Budget-Adjustment-Form.xlsx\" target=\"_blank\">Budget Adjustment Request Form<\/a> with supporting documentation.<\/li>\n<li>If a reduction of the Source Budget results in the FGIBSUM field Net: Revenue minus (Labor + Expense + Transfer) in the Adjusted Budget column to be less than zero, then an adjustment to the Use Budget will be required to bring this field\u2019s value to zero.<\/li>\n<li>Increases to a Source Budget does not automatically increase a Use Budgets. Any required increase to Use Budgets will require an adjustment as outlined below.<\/li>\n<\/ul>\n<p><strong>Adjustment to Use Budget:<\/strong> (Account codes greater than 60000)<br \/>\n<em><br \/>\nIncrease Use Budget:<\/em><\/p>\n<p>Is the current Source Budget adequate to support the requested increase? Refer to FGIBSUM. Is the amount in FGIBSUM field &#8220;Net: Revenue minus (Labor + Expense + Transfer)&#8221; in the Adjusted Budget column greater than or equal to the proposed Use Budget Increase?<\/p>\n<ul>\n<li>Yes \u2013 Submit Use <a href=\"https:\/\/www.marshall.edu\/finance\/files\/FY2015-Budget-Adjustment-Form.xlsx\" target=\"_blank\">Budget Adjustment Request Form<\/a> with supporting documentation.<\/li>\n<li>No \u2013 <a href=\"https:\/\/www.marshall.edu\/finance\/files\/FY2015-Budget-Adjustment-Form.xlsx\" target=\"_blank\">Budget Adjustment Request Form<\/a> will be required to increase the Source Budget to a level that will satisfy Budget Guideline #3.<\/li>\n<\/ul>\n<p><em><br \/>\nDecrease Use Budget:<\/em><\/p>\n<p>Submit <a href=\"https:\/\/www.marshall.edu\/finance\/files\/FY2015-Budget-Adjustment-Form.xlsx\" target=\"_blank\">Budget Adjustment Request<\/a> with supporting documentation.<\/p>\n<p>Please submit budget change requests through your existing approval channels. The <a href=\"https:\/\/www.marshall.edu\/finance\/files\/FY2015-Budget-Adjustment-Form.xlsx\" target=\"_blank\">Budget Adjustment Request Form<\/a> should be <strong>e-mailed through that channel<\/strong> as an attachment. For approval purposes, the email must include the names listed on the Budget Adjustment Request Form in fields \u201cSubmitted by\u201d AND \u201cApproved by\u201d in either the \u201cFrom\u201d or \u201cCC\u201d fields of the email message. Ultimately ALL adjustment requests must be submitted to <a href=\"mailto:budgetoffice@marshall.edu?subject=Budget Adjust Request\">BudgetOffice@marshall.edu<\/a> for consideration.<\/p>\n<p>You can download the Budget Adjustment Request Form on the Finance &#8220;<a href=\"https:\/\/www.marshall.edu\/finance\/forms\/\" target=\"_blank\">Forms<\/a>&#8221; page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information provided on this page, and linked from this page is for historical reference only. These processes are no longer valid as of July 1, 2015. The use or submission of any of these documents and\/or procedures will be rejected by the University Budget Office. Source (Revenue) &amp; Use (Expenditure) Budgets are separate components and<\/p>\n","protected":false},"author":125,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1758","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/pages\/1758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/comments?post=1758"}],"version-history":[{"count":0,"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/pages\/1758\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marshall.edu\/finance\/wp-json\/wp\/v2\/media?parent=1758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}