Budget Activities

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Budget activities are used to break capital projects down into a further level of detail. For example, a capital project initiated for development projects could be further detailed into development drilling and development completions. After budget activities are established, AFE estimates are grouped within each budget activity.

To set up Budget Activities

Navigate to the menu and select Budgets → Budget Activities.

In this field...	Enter this information...
Organization	Organization ID of the budget organization.
Activity ID	The activity ID for the budget.
Year	Year that the budget activity is planned to take place. Note: The budget activity year must equal the budget year.
Description	User-defined description for the budget activity ID.
Carry Over	Place a check mark in the carry over check box to indicate that the activity has been created to carry over AFE’s from the previous year. Leave the check box blank for activity ID’s associated with current year AFE’s.
Capital or Expense	Indicates whether the activity is capital or expense in nature.
Type	Budget Activity Type Code for the activity is available in the Type List of Values drop down. Budget Activity Types is defined in the Codes table.
Purpose	Budget Activity Purpose Code used to define the purpose of the budget activity. Enter a value or use the Purpose List of Values drop down. Budget Activity Purpose Codes is defined in the Codes tables.
Priority	Numeric code indicating the relative importance of the activity.
Program	Budget Program Code used to group budget activities as operating or capital. Enter a value or use the Program List of Values drop down. Budget Program Codes is defined in the Codes tables.
Carryover ID	Budget activity ID that accommodates carryover AFE’s when the carryover box is checked
Carryover Year	Year for the Budget Activity Carryover. Automatically populated in the format of YYYY
Forecast Amount	Total amount allocated to this activity for forecasting.
Currency	Currency for forecasting purposes.
Capital Project	Capital Project Code for the project that the budget activity is assigned to. The Capital Project is the level above the Budget Activity ID that encompasses similar activities.
Capital Budget	Capital Budget Code used for grouping activities within the capital budget.
Remark	Remark to allow user to provide additional description or comments for the Budget Activity.

Select the Status tab to open the Budget Activity Status screen:

The cursor will automatically advance to the Budget Ref field.

Select the List of Values icon to open the Budgets List of Values.
Select the Budget header to which the budget activity applies. The other fields will automatically populate with information from the Budget header (BUDS044).
You can deactivate the budget by clearing the Active checkbox or conversely, reactivate the budget by selecting the Active checkbox.