| The monthly processing code identifies an account that
is budgeting anticipated revenues and expenditures on a monthly basis.
Form 22, Original Budget/Budget Revision for Monthly Budgeting, is used
to enter budgets into accounts performing monthly budgeting. The form allows
the user to perform one of the following procedures: budget a fixed amount
each month; budget a percentage of the total annual budget each month,
budget a proportion based on the number of days each month, or budget 1/12th
of the total annual budget each month. Automatic budget reallocation is
not available to accounts performing monthly budgeting.
Monthly budgets do not appear on AM090 and AM091 reports. Separate reports
are generated to compare monthly budgets with actual revenues and expenses. |