New Initiatives sheet

Overview

This sheet allows you to budget for new projects that are outside of your organization or department's normal operations. The budgets for each new initiative save to unique Initiative IDs so that you can analyze the new initiative budget separately from the ongoing operating budget. For each project to budget, use the Initiatives tab to enter the project's monthly budget values. There is also a comments section.

To create an initiative, double-click Double Click to Insert New Initiative. The Insert Calc-Method(s) in sheet Initiatives dialog displays.

You can create one of two types of initiatives: department or system.

Adding a department initiative

A department initiative is a project that applies only to a single department.

To add a department initiative:

  1. Double-click Add Department Initiative to create an outline for adding detailed information for department-wide initiatives.

    Add Department Initiative

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  2. In the Insert Description Here cell, enter information to describe your initiative.
  3. At the top of the screen, from the drop-down, select one of the following:
    • To include the initiative for the next year budget amounts in the database, select Approve.
    • To exclude the initiative from the next year budget amounts in the database, select Exclude
  4. Update the blue cells with the budget data for the initiative, as needed. You can also add rows for new items related to the initiative by double-clicking the appropriate row.
  5. After you finish making changes, in the Main ribbon tab, click Save.

Adding a system initiative

A system initiative is a project that applies to multiple departments in your organization.

To add a system initiative:

  1. Double-click Add Project Initiative for a single project.

    Add New Project

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  2. In the Calc Method Variables dialog, click Choose Value.
  3. In the Choose Value dialog, select the project, and click OK.
  4. In the Calc Method Variables dialog, click OK.
  5. The project list is created by you. Each project is pre-defined to Approve or Exclude.
    • Approve saves data related to an initiative to the Financial data source for each department with a budget for the initiative. Approved initiatives would subsequently be included in any Budget Income Statement reports.
    • Exclude saves the data from New Initiatives to the NYBDetail data source. Excluded initiatives will not be included in any Budget Income Statement reports, but separate New Initiatives reports can be run to summarize the totals for each initiative.

  6. In the Main ribbon tab, click Refresh Data to populate the initiative with data.

    NOTE: This assumes that your Axiom Budgeting administrator has instituted the New Initiatives utility.

  7. Update the blue cells with the budget data for the initiative, as needed. You can also add rows for new items related to the initiative by double-clicking the appropriate row.
  8. After you finish making changes, in the Main ribbon tab, click Save.
See also