Step 1: Click COST REPORT on the left navigation.
Step 2: Enter an Effective Date.
Step 3: Click MODIFY BUDGET.
Step 4: Make your changes in the Budget column.
Step 5: Highlight a line(s) and click UNDO CHANGES to revert certain budget lines back or click CANCEL to revert all changes.
Step 6: Click SUBMIT to save changes.
Step 7: Click CONFIRM.
'Modify Budget' will not be an option once a period has been closed. If a period is closed, budget changes can only be made by editing the cost report worksheet.
The budget and EFC will both need to be updated and variances will be created.