With the first update in a new calendar year, the “year transition” is added.
What does a year transition involve?
A new year is added to the application
(e.g. with the update in Jan-26, the year 2032 is added).The values for the funding parameters are carried over into the new year.
The values for scale, step, function, etc. are populated for the new year.
The new year is added to the options for structuring the multi-year budget.
The balance forecast of the previous calendar year is copied to the actuals of the previous calendar year.