MANAGE GLC BUDGETS BY PERIOD

Use this screen to enter General Labor Category (GLC) budgets by fiscal year and revision against projects. You can enter budgeted hours and amounts by employee or vendor.

Location

Identification

Proj ID

Enter a valid project or click to select one. The description of the project is automatically displayed next to the project.

Fiscal Year

Enter, or click to select, a valid fiscal year.

Revision

Enter a valid revision number for this project and fiscal year.

To have accurate project-to-date budget information printed on your project reports, you must use the same revision number for all period budgets for a given project. When printing project-to-date budget information, Costpoint sums the prior fiscal years/periods data for a selected budget revision. You cannot combine different budget revisions on a single report.

Budgets by Period

GLC

Enter a GLC code or click to select one.

GLC Description

The GLC description defaults when you enter the GLC.

Pd

Enter a valid period for the fiscal year or click to select one.

Subpd

Enter a valid subperiod for the fiscal year and period or click to select one.

Avg Rate Amt

Enter an average rate for this general labor category. Costpoint multiplies the Avg Rate Amt entered by the Empl Hours to calculate the Empl Amount. If you entered an Average Rate amount on the Manage Average GLC Rates screen, this column is automatically populated.

Empl Hours

Enter the total budgeted hours by employee for this GLC against the project. Every time you modify the Empl Hours, Costpoint recalculates the Empl Amount.

Empl Amount

Enter the total budgeted amount by employee for this GLC. Costpoint displays the calculated amount by multiplying Avg Rate Amt by Empl Hours. If you override this amount, Costpoint recalculates the Avg Rate Amt by dividing Empl Amount by Empl Hours.

Vendor Hours

Enter the total budgeted hours by vendor for this GLC. Every time you modify the Vendor Hours, Costpoint recalculates the Vendor Amount.

Vendor Amount

Enter the total budgeted amount by employee for this GLC. Costpoint displays the calculated amount by multiplying Avg Rate Amt by Vendor Hours. If you override this amount, Costpoint recalculates the Avg Rate Amt by dividing Vendor Amount by Vendor Hours.

Total Hours

The field displays the total hours entered by GLCs.

Total Amount

The field displays the total amount entered or calculated by GLCs.

Last Update

This field displays the date on which this GLC was created or the last time it was modified.