FIN 102–02: Internal Planning Budgets
To provide a mechanism for developing internal planning budgets
All university agency/orgs, other than agency units (agency/orgs whose third digit of the agency code ends with a 7) and Office for Research and Sponsored Projects Administration units (agency/orgs whose agency code consists of three alpha characters)
The use of internal planning budgets by university departments is an optional feature within the Advantage accounting system at ASU. University departments are responsible for developing and maintaining planning budgets. Procedures for establishing planning budgets are discussed later.
The university department prepares an online Expense Budget (EB) transaction and applies a level 1 approval.
If the revision relates to a planning budget transfer, i.e., transferring an internal planning budget amount from noncapital equipment to capital equipment, where the amount transferred must equal the amount transferred in:
The university department completes an Expense Budget (EB) transaction and applies a level 1 approval.
If the revision relates to a change other than a planning budget transfer, i.e., increasing or decreasing the total planning budget for an agency/org, the university department prepares an online EB transaction and applies a level 1 approval.
For information relating to appropriation budget changes, see FIN 102–01, “Appropriation Budget Changes.”
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