Updates to core budget and core/non-core financial reports

Reports for core budget to actuals are being updated to exclude benefit commitments and obligations.

Currently for core budget to actual and other core/non-core financial reports, benefits projections appear as negative (show as a deficit) until the Budget Office funds those benefits. We heard from the community that many people are exporting these reports and manually correcting them in Excel before providing data to their leadership. The Reporting Workgroup has discussed the best way to address this. This update will filter out benefit commitments and obligations on these reports to reduce manual work and provide a more accurate picture of budgets.

Here are the affected reports:

• CR FIN Core Budget to Actuals with Encumbrances Summary
• CR FIN Core/Non-Core Alt Reporting Financial Position Summary
• CR FIN Core/Non-Core Assignee Financial Position Summary
• CR FIN Core/Non-Core Cost Center Financial Position Summary
• CR FIN Core/Non-Core Extension Reporting Financial Position Summary
• CR FIN Core/Non-Core Function Financial Position Summary
• CR FIN Core/Non-Core Fund Financial Position Summary
• CR FIN Core/Non-Core Program Financial Position Summary
• CR FIN Core/Non-Core Region Financial Position Summary

Learn more about the difference between core and non-core budgets.

This is part of the January 2022 Monthly Update. See other major changes on the Monthly Workday Updates Schedule, or read about detailed updates.