Please note that the information below is guidance for updating the finances/budget section of MCR for your organization. You should seek input from your national organization and/or advisors for information regarding your specific budget process.
The "fiscal year" is the 12 months that define the life of your budget. (The fiscal year does not necessarily follow the calendar year of January to December.) At the end of your fiscal year, you will need to update your budgets to reflect the new budget for the year.
First, you will need to download the budgets from MCR to make sure you have a record of all the information. (This is still good practice even if you have it in another financial program, such as Bill Highway)
You will need to go into each budget and delete the individual line items, by clicking the "x" to the right of the description. If the total amount for the budget has changed for the year, you will click in the "starting amount" box and type the new amount for the budget.
If you need to create a new budget, please see the tutorial for "Creating & Deleting Individual Budgets"