ADJUSTED BUDGET – UPDATE ACTUALS PROCESS BUDGETING SERVICES: https://www.mcmaster.ca/bms/BMS_FS_Budgeting.htm Update OPEX Actuals Open “OPEX Monthly Budget Adjustment” form. Right-Click on a Yellow Cell Select Smart View from pop-up Menu Select Copy Actuals and Forecast Future Months Click OK button on Pop-up Window What to expect All values for closed months are updated with actuals. All values for opened months are re-calculated so the year end total still matches the original budget. Update Existing Employees Actuals Open “Update Employee master Actuals –Adj Budget” form. Click on the first Yellow Cell in column (B Select “YES” from the dropdown. Copy –Paste the word “YES to all the existing employees in the form, including HEDGE. Click on “Submit Data” button on the Smart View Tab What to expect For selected employees, all closed months are updated with actual salaries. All open months are recalculated based on the actual master data and up to date assumptions. Update New Employees Actuals Open “New Employees Input–Adj Budget” form. Click on the first Yellow Cell in column (B Select “YES” from the dropdown. Copy –Paste the word “YES to all the new employees in the form. Click on “Submit Data” button on the Smart View Tab What to expect For selected new employees, all closed months are cleared out. All open months are recalculated based on the data in the New Employee form FAQs When are Actuals Loaded in Hyperion? Up to 2 days after GL Month Close – Usually on the same day. Does updating Adjusted Budget affect the Original Budget? No. Can the adjusted budget be viewed in MOSAIC? Yes, as long as you copy Adjusted Budget to Final *See Copy to final process Can individual employees be updated without updating all? Yes, only employees with the Override column set to “YES” will update. Adjusted Budget Report Open “AdjustedBudgetReport” form. View Year Total and YTD Variances.