Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2024-09-20
Steps: Set Up Floors and Ceilings for Revenue Driven Budgets

Steps: Set Up Floors and Ceilings for Revenue Driven Budgets

You can define a
Floor
 as the amount of revenues to be recorded before the budget spending authority begins increasing for your revenue driven budget rules. You can also define a
Ceiling
 amount as the maximum amount the budget spending authority can increase to from the recorded revenue for your revenue driven budget rules.
  2. Access the
    Create Revenue Driven Budget Rule
     task.
    As you complete the task, consider:
    Option
    Description
    Ceiling
    Enter a maximum amount that the budget spending authority can increase to.
    Floor
    Enter a minimum amount of recorded revenues before the budget spending authority begins increasing.
    Effective Date
    Workday:
    • Recommends setting the
      Effective Date
       the same as the
      Plan Date
      .
    • Only considers revenue transactions from the
      Effective Date
       onward.
    • Won’t retroactively consider revenue lines prior to the
      Effective Date
      . This includes calculations for
      Floor
       and
      Ceiling
      .
You can use the
Recorded Revenue to Floors and Ceilings
 report to view the:
  • Total recorded revenue compared to the floor and ceiling.
  • Increased target budget.
  • Recorded revenue.