GLC BUDGETS BY PERIOD

Use this screen to enter General Labor Category (GLC) budgets by fiscal year and revision against projects. You can enter budgeted hours and amounts by employee or vendor.

Project

Enter a valid project or use to select one. The description of the project will automatically be displayed next to the project.

Fiscal Year

Use the drop-down list to select a valid fiscal year.

Revision

Enter a valid revision number for this project and fiscal year.

To have accurate project-to-date budget information printed on your project reports, you must use the same revision number for all period budgets for a given project. When printing project-to-date budget information, the system sums the prior fiscal years/periods data for a selected budget revision. You cannot combine different budget revisions on a single report.

Budgets by Period

GLC

Enter a GLC code or use to select one.

GLC Description

The GLC description will default when you enter the GLC.

Period

Enter a valid period for the fiscal year or use to select one.

Subperiod

Enter a valid subperiod for the fiscal year and period or use to select one.

Avg Rate Amt

Enter an average rate for this general labor category. The system will multiply the Avg Rate Amt entered by the Empl Hours to calculate the Empl Amount.  If you have entered an Avg Rate Amt in the Maintain Average GLC Rates screen (click Projects»Budgeting and ETC»Budget Setup), this column will be automatically populated.

Empl Hours

Enter the total budgeted hours by employee for this GLC against the project. Every time you change the Empl Hours, the system will recalculate the Empl Amount.

Empl Amount

Enter the total budgeted amount by employee for this GLC. The system will display the calculated amount by multiplying Avg Rate Amt by Empl Hours. If you override this amount, the system will recalculate the Avg Rate Amt by dividing Empl Amount by Empl Hours.

Vendor Hours

Enter the total budgeted hours by vendor for this GLC. Every time you change the Vendor Hours, the system will recalculate the Vendor Amount.

Vendor Amount

Enter the total budgeted amount by employee for this GLC. The system will display the calculated amount by multiplying Avg Rate Amt by Vendor Hours. If you override this amount, the system will recalculate the Avg Rate Amt by dividing Vendor Amount by Vendor Hours.

Total Hours

The field displays the total hours entered by GLCs.

Total Amount

The field displays the total amount entered or calculated by GLCs.

Last Update

This field displays the date on which this GLC was created or the last time it was changed.