Budget Reference

Bud Ref (Budget Reference) is the budget year in which revenues, expenses, and encumbrances originate.

The Budget Reference chart field is the budget fiscal year of when funds were allocated. The Budget Reference value coincides with the State of Georgia fiscal year for budget basis accounting to reflect the year the funding was allocated or budgeted. The value in the budget reference chart field will be the four digit budget fiscal year. For UGA, a prior year budget reference would be used for spending funds from a prior year similar to how liability conversion funds were used in the legacy system.