This guide explains how to upload Accounting KPI Budgets in FAM.

Accounting KPI Budgets allow users to forecast how budgeted revenue will be derived from:

• Budgeted production (MWh)

• Budgeted price per MWh

• Accounting adjustments

• Ancillary or other income

This enables a consistent operational-to-financial bridge between:

• Production forecasts

• Power price assumptions

• Budgeted revenue in the financial statements

⚠️ Important:
The system does not perform validation checks against financial budgets. Users are responsible for ensuring uploaded KPI data supports their financial budget assumptions.

Overview of the Budget Upload Process

Uploading Accounting KPI Budgets follows the same two-step structure as Actuals:

1. Upload Budgeted Production

2. Upload Budgeted Pricing

However, there are two key differences from Actual uploads:

• Budgets are uploaded at the Entity level

• Periods follow the financial year of the entity

Understanding Budget Periods

Budget uploads use period numbers (1–12) rather than calendar months.

The period numbering aligns with the entity's financial year end.

Example: 30 June Year End

Example: 31 December Year End

Step 1 – Upload Budgeted Production

Budgeted production represents the expected generation (MWh) for each CGU during the financial year.

Navigate to Accounting KPI Budgets

1. Go to Accounting

2. Select Budgets

3. Click Accounting KPI Budgets

4. Select Production Budgets

5. Click Create Budget

You will then be prompted to upload the Production Budget template.

Upload the Production Budget File

1. Download the Production Budget template

2. Populate the template

3. Upload the file

Production budgets are recorded per CGU within the entity.

Production Budget Template Structure

Example:

📌 Notes

• Production must be uploaded before pricing budgets

• Period numbers must align with the entity financial year

Step 2 – Upload Budgeted Pricing

Once production budgets are uploaded, users can upload Pricing Budgets.

Pricing budgets explain how budgeted revenue will be generated from production and other income streams.

Pricing Budget Logic

For each CGU and GL Code, users should determine whether revenue is:

1️⃣ Production-Driven Revenue

Examples:

• PPA revenue

• Merchant power sales

• Energy sales agreements

Users should enter:

• GL Code

• Budgeted Price per MWh

• Budget Adjustments

The implied revenue should equal:

Production (MWh) × Price per MWh ± Adjustments

Where production comes from the Production Budget uploaded in Step 1.

Adjustments may include:

• Accounting adjustments

• Revenue true-ups

• Hedge impacts

• Budget rounding differences

⚠️ Adjustments are mandatory
If no adjustment is required, enter 0.

2️⃣ Ancillary or Other Income

If revenue is not production-linked, such as:

• Grid services

• Capacity payments

• ROC / subsidy income

• Other operating income

Users should enter the value directly in the Adjustments / Ancillary Income field.

Pricing Budget Template Structure

Example:

Important Rules

Upload Order

Budgeted Production must be uploaded before Pricing.

Entity-Level Upload

Unlike Actuals, budget uploads are performed at the entity level.

Data Replacement

Uploading a new budget file will replace existing budget data for that period.

Responsibility for Accuracy

FAM does not validate budget data against financial budgets. Users must ensure that:

• Budgeted production

• Budgeted pricing

• Accounting adjustments

correctly support the entity's financial budget.

Recommended Workflow

1. Upload Production Budgets (MWh)

2. Upload Pricing Budgets per GL Code

3. Confirm the implied revenue matches the entity's financial budget

✅ Best Practice

Many users derive their pricing assumptions by:

• Starting with budgeted revenue per GL code

• Dividing by forecast production

• Entering the resulting average price per MWh

This ensures the operational KPIs remain aligned with the financial budget model.