This guide explains how to allocate top-down budget targets by Area in Stratex. These allocations provide guidance for Area sponsors during portfolio planning and help establish budget expectations for an open budget year.

Key Concepts

Area budget allocations represent top-down planning targets, not final approved targets.

The final budget is determined by approved portfolio requests, which may be higher or lower than the initial Area allocation.

Targets can only be entered for open budget year versions.

Budgets are entered in Local Currency or Group Currency.

Allocations may be entered at the Area level and optionally broken down by Investment Reason.

Instructions

1. Navigate to Configuration > Org Structure and Budget > Budget Tab

2. Ensure you are working in an Open Budget Year and Version.

3. Navigate to Budget Entry.

4. Go to the top right corner of the screen and use the Currency toggle to select either Group or Local currency (based on area).

5. In the Budget tab, locate the Area Name column.

   • Expand or collapse Areas to view child organizational areas as needed.

6. Review the Currency column to confirm the currency assigned to each Area.

7. Enter the planned budget amount for each Area in the Area Target column.

   1. (Optional) Enter budget amounts by Investment Reason.

   2. The total of all Investment Reason amounts cannot exceed the Area Target.

   3. If no amount is entered for an Investment Reason, it will default to zero but will not prevent portfolio submission.

8. Review the Target Override column.

   1. This field is read-only and displays override amounts applied during Portfolio Approval, if applicable.

9. If needed, switch the Currency toggle to Group to view converted amounts and subtotals.

10. Save.