FAQ: Preparing a Budget in Oracle Planning and Budgeting


Overview


FAQ


Q: What are the correct links to access both the EPBCS Production environment and the EPBCS Training Environment?

A:

Production/Live

Training/Sandbox

Q: What is the Target Budget and how is it calculated on Task 4.2 Review and Realign Core Recurring Budget?

A: The Target Budget is a guideline or reference point for a budget preparer to ensure they are budgeting within the current planning year’s Core Recurring Budget amount
For example, in the FY23 planning year the Target Budget is calculated as:


Q: How do I move Core Recurring Budget between different Financial Units on Task 4.2 Review and Realign Core Recurring Budget?

A: If you have a Target Budget in one Financial Unit – Fund – Function – Project (F-F-F-P) combination but wish to budget those dollars on another Financial Unit, you may leave the budget blank in the first F-F-F-P combination (i.e. you’ll be under-target) and then include the budget on the new combination (i.e. this F-F-F-P will be over-target)

Q: I went over the Target Budget on Task 4.2 - what does this mean and what should I do?

A: There are several reasons this may occur:

Q: I am trying to Add a Core Account on Task 4.2 but the account I want to add is not available to select. Why?

A: There are several reasons this may occur:


Q: How can I add a new Project # to Task 4.2, 5.1 or 5.2? It has never had prior activity because it is new but I want to budget on it for next year.

A:

Q: Can I budget for Contracts & Grants in EPBCS?

A:


Q: Why is Task List 3 "Review and Manage Project Budgets" listed as Not In Use?

A:

Q: Can I add notes or comments to the budget figures that I enter on a form?

A:


Q: What types of funds can I budget in Task 5.1 Enter Unrestricted Funds Budget by Financial Unit?

A:


Q: I am responsible for budgeting a Vice Chancellor office, Division office and/or Dean’s office in my area. Why do I see two Financial Units – one that includes the word “Office” and one that doesn’t when making a selection for Financial Unit in the Point of View?

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Q: Where can I see my carryforward in EPBCS? How do I budget against prior year carryforward balances since these balances represent an important source of funding for my Financial Unit's expenses next year?

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Q: When budgeting revenue or internal resources on these Forms: Core One-Time Form 4.3, Unrestricted Funds Form 5.1 or Gifts Funds Form 5.2, should I enter figures as a positive or negative number?

A:

Q: What do the different colored cells mean on a form?

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Q: What do the different icons represent on a form?

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If you still have questions or need additional assistance, please submit a ticket