This article is intended for: Editors of the Capital Budgeting module.
Use this article to: Carry forward prior year capital requests to a new year's budget.
Note: You can select any image below to zoom in.
This step allows you to maximize efficiency and ensure continuity in your capital budgeting process by carrying forward prior year requests.
Note: If you do not wish to utilize this feature, toggle off the Carry Forward Prior Capital Requests in the upper left-hand corner above options. Then select Create New Capital Budget.
-
Select the Option that is most appropriate for your organization. You have three options to carry forward:
- Carry Forward Request for Upcoming Budget Year and Beyond allows you to carry forward only those requests that have specified costs/funding for the upcoming budget year and beyond. It does not include archived requests.
- Carry Forward All Requests allows you to carry forward all capital requests from the previous year, ensuring every request, including archived requests, is available, regardless of which budget year it was originally allocated for.
- Carry Forward Specific Requests allows you to carry forward only specific requests that you can choose upon selecting this option.
Note: While this step is required, the rest of the steps are optional to carry forward.
- Select a Scenario from the Prior Budget Year to bring over specific requests or different financial information (capital costs/funding sources) than the requests in the initial request state of last year’s budget.
- Select a Version of the scenario you selected that you want to reference.
- Toggle on Carry forward Teams if you wish to carry forward the previous year’s teams.
- Toggle on Carry over account IDs from the previous year’s requests to save time by automatically adding the account IDs from your previous year’s requests.
- Toggle on Add previous FY data to the Historical column to automatically include last FY’s data in your capital budget.
- Toggle on Carry forward custom saved reports to allow you to access last FY’s custom reports this FY without having to recreate them.
- Once you’ve chosen all appropriate selections for your organization, you can select the Create New Capital Budget button to get started!
Note: Another thing to consider is making sure your budget years are the same from year to year. We will default to 5 when creating a new budget, but if you need more years than this, be sure to change this number to the correct number of years to ensure the previous project budget data is carried forward. FAQ
Need to Set Up Request Forms?
Learn more with this article: All About Request Forms
Have more questions or need assistance?
Submit a Request