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- Transaction Types include:
- If 'Temporary' is selected, checkmarking 'full year' implies the temporary initial budgets hold true for the entire year.
- If 'Temporary' is selected and 'full year' is not checkmarked, this implies the temporary initial budgets could change during the fiscal year (i.e. Levy passes/fails)
- If 'Permanent' is selected, 'full year' is checkmarked automatically and cannot be unchecked. This implied these are permanent initial budgets.
- If 'Adjustment' is selected, it adjusts the existing budgets via additions/deductions. The 'Update the GAAP Original Estimate' amounts box defaults to being checked but you have the option to uncheck it.
- If 'Temporary' is selected, checkmarking 'full year' implies the temporary initial budgets hold true for the entire year.
- Effective date is modifiable when selecting an adjustment Adjustment transaction type. Otherwise, it's an informational field only. It automatically defaults to the first day of the fiscal year selected when selecting temporary or permanent transaction types. When selecting Adjustment transactions type, you have the option of entering an effective date. The adjustment will not become effective until that date.
Click on 'Apply' to proceed with applying the proposed figures as the initial budget/revenue estimates.
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