iTCCS Budget provides an automated, accurate, efficient means of preparing a next year budget by allowing you to project percentage increases or decreases as an analysis tool. The last year budget is maintained, and the next year beginning budget is produced and can be amended. These budgets provide figures for an ongoing process of budget preparation, review, revision, and approval.
The Budget application is based on the current Finance application, but it provides much flexibility in tailoring budgets to meet a wide range of needs and situations. With each budget update, reports can be produced. Once changes are made, recalculations occur automatically, and the new budget will reflects all applicable changes. This process can be repeated until a final budget is adopted, and manual recalculation are never needed. Data can be entered and viewed in a variety of formats, and worksheets and inquiry features are also available.
The Budget application also allows you to amend the current year budget. Upon approval, the amendment can be interfaced automatically to the general ledger in Finance, producing a system- generated journal entry for the difference between the amended figures and the existing amounts in Finance.
Budget Change Request (BCR) - iTCCS BCR is a subsystem that allows designated employees to request that monies be moved from one budget code to another. When a budget change is requested, the funds are transferred from one budget code to another through a work flow process, including a list of approvers, before the change is actually made to the general ledger. Email messages are automatically sent to each approver when a BCR is pending his approval.
iTCCS is a trademark of the Texas Computer Cooperative.
For further information, contact your regional Education Service Center.
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