Revenue Budget Structure

Design

The Revenue budget structure provides an effective management tool for planning purposes to ensure that agencies have adequate resources to support the agency’s core mission. The revenue budget structure considers revenue estimates, revenue recognized, and revenue collected.

• Revenue estimates - track revenue activity when revenue is estimated.
• Revenue recognized - tracks revenue activity when revenue is recognized via the recording of accounts receivables.
• Revenue Collected - tracks revenue activity when revenue is collected via the recording of deposits or by an InterUnit transfer.

The following design considerations are applied to the Revenue budget structure:

• The Revenue Budget Structure is set to a Control Option of “Track without Budget.”
• The Account Type is “Revenue.” Revenue transactions will pass budget check and proceed with the transaction lifecycle.
• The Budget Calendar is set to “Annual” to configure Budget Year, mirroring the State of Florida Fiscal Year.

Maintenance

The Revenue Budget Structure is configured and maintained by DFS and is used by all agencies. Budget journals for Revenue Estimates are created and maintained by the agencies.

Version History