Create a Budget

Define funding for the years ahead

To create and configure a new Budget, select Analysis Tools > Budgets in the left panel, then Create Budget in the top-right corner.

A Budget represents the overall funds available for asset management. This provides a total cost threshold for a Works Plan to stay below while trying to meet its targets. Fill in the form and enter an amount for specific financial years. Fields marked with an asterisk * require a value to continue.

To save the new Budget, select Create on the right.

Details

Choose the type of Budget to create:

• Name * - enter a distinct name that clearly identifies the Budget.

• Budget type * - choose Overall to create a standard Budget. Alternatively, see Create a Sub-budget.

Budget

Configure the Budget:

• Allocation - specify budget amounts for one or more financial years. They don't have to be consecutive. Select Add Years, make your selection and then select Save. You can then enter a value for each selected year. To remove a year from the Budget, select Delete.

• Inflation rate - enter an average inflation rate to estimate the budgets of future financial years. If set to zero, all future years will use the last entered amount.

The bottom graph displays a projection of your Budget over the next 20 financial years.

If an amount isn't entered for a financial year, it will automatically remain the same as the previous year. Preceding years use the first amount entered. For the years following the last entered amount, inflationary rises are calculated at the specified rate, to estimate what future budgets may be.

Example details

Financial Year	Amount	Source
2025	£25,000,000	Automatic
2026	£25,000,000	Added
2027	£25,000,000	Automatic
2028	£28,000,000	Added
2029	£28,000,000	Automatic
2030	£28,000,000	Automatic
2031	£28,000,000	Automatic
2032	£32,500,000	Added
2033	£33,475,000	Inflation rate = 3%
2034 ...	£34,479,250	Inflation rate = 3%