Budget Levels allow you to organize and store budget amounts at various phases of the budget creation process. Budget Levels will assist reporting the accumulation of budget amounts in one place and will display changes that are recorded during each development stage as input is received from department directors, budget officers, and the governing body.
Budget Levels also facilitate the GASB Statement No. 34 reporting requirements. Statement 34 requires a minimum of 2 budget levels – one for the original Approved or Operating Budget and another for any modifications or amendments to the budget during the course of the year.
To view Budget Levels in Caselle , go to General Ledger | Budgeting | Budget Levels. You can then either look up a Budget Level by entering its number in the Level field by selecting the Forward and Back icons to browse through all available levels.