Loans > Loan Screens > System Setup Screens > Construction Budget Descriptions Screen

The Construction Budget Descriptions screen is used to set up institution-defined construction budget disbursement codes and descriptions. This is an administrative screen and access to it should be limited.

Loans > System Setup Screens > Construction Budget Descriptions Screen

This list view at the top of this screen displays the construction budget disbursement codes, their descriptions, their categories, the date the description was set up or changed, the employee number and name of the employee who made the last change to that description. To set up a new construction budget disbursement code and description (and add it to the list view), complete the following steps:

1.Click <Create New>.

2.In the Code field (mnemonic LDDISB), type in a numeric code. GOLDPoint Systems has defined disbursement code 3 for interest and code 10 for property taxes. You may select different codes for interest or taxes by submitting a work order to GOLDPoint Systems.

3.Type your institution's description for the code in the Description field (mnemonic LDDDSC). Be sure the spelling is correct because this description will appear on CIM GOLD screens.

4.In the Category field(mnemonic LDCOST), type in the appropriate category, e.g., "initial," "hard," "soft," etc. This field allows you to separate costs by user-defined categories on which you want totals.

5.Click <Save Changes>. When setting up multiple descriptions at the same time, you can add them all to the list view and press <Save Changes> at the end once all the new codes have been added.

WARNING: Once a construction budget disbursement code and description has been assigned, it should not be changed. When a construction budget disbursement code is assigned to a loan, that code is stored on the loan record but the description is not stored. When a screen is accessed, the program uses this table to look up the description. If the description has been changed, incorrect descriptions would be displayed.

To change information for a previously created budget description in the list view, select the item in the list and change the information in the Description and Category fields below. To delete an item from the list, select it and click <Delete>.

Budget codes are attached to individual loan accounts through GOLDTrak PC.

Changes to fields on this screen write to system history.

Construction budget record retention periods can be adjusted for your institution on the Deposits > Definitions > System History Retention screen.

	Record Identification: The fields on this screen are stored in the FPLD record (LIP Budget Descriptions). You can run reports for this record through GOLDMiner or GOLDWriter. See FPLD in the Mnemonic Dictionary for a list of all available fields in this record. Also see field descriptions in this help manual for mnemonics to include in reports.