This resource page contains terms and definitions to assist users of the Tidemark budgeting system.
Annualized Actual Amount
Represents a projection of where you will be at the end of the year based on the proportion of activity that has occurred in the current year to date.
For example, if we are halfway through the year, your year to date amount may be $100,000. Looking back at the last full year of actuals, you may have had a total of $200,000 for the whole year, but at this same time last year actuals were $150,000 by comparison.
The system then calculates that by this time last year, you were at ¾ of your total. Assuming that your current year to date amount of $100,000 will represent the same ¾ of your total, your Annualized Actual Amount would be projected as $133,333.
Processes in Tidemark walk you through creating your budget step by step. Baseline Amount is part of the first step in Revenue Planning. If you run an action to use as a starting point for your budget, it is shown in the Baseline Amount column. This number can be adjusted going forward to result in your final totals.
In Non-Salary expenses and Compensation reserve expenses, Baseline Amount represents the Preliminary Amount plus cost rise, if applicable. This number can be adjusted going forward to result in your final totals.
Cost rise is an assumption about how much a type of expense is expected to grow. These assumptions are initially entered by the University Budget Office (UBO), but can be further adjusted by budget unit or by individual department.
To see your cost rise assumptions, go to the Budget Setup process, and open the Departmental Assumptions panel. Use the assumption page edge to filter to Cost Rise Parameters. You can view and adjust the cost rise assumptions on this page. Each assumption is tied to a specific set of object codes. Cost rise is automatically applied if you seed your budget using an action that includes cost rise. You will see columns on the panel that will show the cost rise amount and percent (%). You can always make adjustments after the action is run.
In Tidemark, there is a single hierarchy for both expenditure types and revenue object codes. These codes are jointly referred to as object codes. For more information, refer to Tidemark Frequently Asked Questions: How do expenditure types and object codes roll up?
Acts as a filter on a panel. Provides a way to slice and dice a report or input panel. For example, CB Award type will typically be available as a page edge to filter results.
Used to organize steps within a process. Panels are used to input data, edit data, add new budget lines and review/report on your budget.
Displays all panels in a process to guide you through budgeting step by step.
Processes in Tidemark walk you through creating your budget step by step. Preliminary Amount is part of the first step in Non-Salary expenses and Compensation reserve expenses. If you run an action to use as a starting point for your budget, it is shown in the Preliminary Amount Column. This number can be adjusted going forward to result in your final totals.
A defined set of activities focused on a single outcome. Each process has distinct steps, users, drivers, calculations and actions needed to complete the process.
Projected Actual Amount
For expenses, Year to Date Actual Amount + Expenditure Commitment Amount.
For revenues, Year to Date Actual Amount + Pledge Amount.
Populating values according to historical scenarios, displayed as columns on the grid. Seeding your budget gives you a starting point for review, and to make further adjustments.
Tidemark panels are designed to show only the information that is relevant to you based on your authority. The slice is the organization code (org) displayed at the top of a panel, which defines what data you see on the page. You can change your slice to any org at any level of the org tree that you have access to. As you move from panel to panel, the slice you have selected stays the same.
Trailing 12 Month Actual Amount
A total of the last 12 complete months.
When an action is used to calculate the Year End Reforecast based on the Trailing 12 Months, cost rise is applied for the months in the prior year to project what the totals will be for the remaining months.
Year End Projection (YEP)
The Year End Projection is submitted as part of the spring Budget Plan process. It is a high level summary by budget unit and award type.
Year End Reforecast (YER)
The Year End Reforecast is available as part of the summer Booked Budget process. It is an optional step that lets you determine where you think you will end the current year, PTA by PTA, so that you can more accurately plan your booked budget.
It is also used to determine your ending balance for the current year, and starting balance for the next year.
Year to Date Actual Amount
This amount represents the previous months for the current fiscal year. This number is updated monthly after month-end close.