Friday Feature - Unappropriated balance
When you are working on next year's budget, you want to make sure that you account for every dollar. One quick way to double-check your work as you move through the budget process is to run the Fund/Object snapshot from the budget model.
Why run the snapshot? First, it's a great report. It shows a nice breakdown of object totals and percentages for starting balance, revenues, expenditures and fund balance. But, the real reason is the unappropriated balance!
An unappropriated balance is the sum of starting balance and revenues minus expenditures and fund balance. It indicates that something is not budgeted correctly. All unappropriated balances should be cleared before you post the budget.
What a great check that only takes seconds to run!