Creating a Revised Mid-Year Budget

Here’s how to create a mid-year revised budget in Martus.

1. Go to Planner > Planner Setup > Budget Management
2. Click Create Budget
3. Choose the option Based on Current Year's Actuals and Budget
   
   
   
   
4. Choose whether to limit worksheets
   • To review what worksheets will be created if unselected:
     • Go to Dashboard > Financials
     • Choose the Worksheet Budget Comparison report
     • Any line with a red X will be created if the checkbox is unchecked
   • Note: If you want to ensure that all activity from the current year is included, uncheck this box. This may create additional budget worksheets where they didn't previously exist.
5. Give the Budget a Name 
6. Click on Create Budget
7. Go to Dashboard > Updater
8. Confirm the job has been completed
9. Go to Planner > Planner Setup
10. Select the budget just created
11. Click Set as Planner
    • Setting this as the Planner default will make it the default budget to work with for this year when working in the Planner area.
    • You are given the option to unlock all worksheets.
      • Click Okay to unlock all worksheets and allow users to begin making edits.
      • Click Cancel to keep the status of the worksheets unchanged.
12. To manage the worksheets, review the Planner Setup article.

Note: When using this approach Martus will freeze the budget through the last closed month or the source budgets frozen through date and set that date as the Frozen Through date. For more information on managing frozen budgets, click here.