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The Office of the Superintendent of Public Instruction (OSPI) requires school districts to submit an annual budget. The report includes Estimated Beginning and Estimated Ending balances for Equity type accounts. These consist of General Ledger accounts 810 through 890. The Estimated Beginning Balance is entered in the budget amount field for equity account types. The Estimated Ending Balance is calculated when state reports are run.
Once entered, these estimated balances may be viewed in the Account Master Information screen containing Fiscal Year-to-Date Information. Columns identify activity, ending balances, debits and credits, as well as encumbered and unencumbered balances, and the estimated opening balance.
After establishing a budget to process on the Account Master Budget Entry screen, use the following filtering process to select equity type accounts for inclusion in the budget. (FINANCIAL MANAGEMENT / ACCOUNT MANAGEMENT / BUDGET MANAGEMENT / BUDGET ENTRY.)
Budget Entry for Equity Accounts
Page Updated 7/07