The CU/BUDGET-ware® System is used by financial institutions to develop a comprehensive balance sheet driven budget and multi-year Strategic Plan. Monthly and year-to-date Actual vs. Budget Income Variance Reports assist managers in evaluating how their actual income, ratios, balance sheet, and performance compares with the budget.

The CU/BUDGET-ware® System is linked with CU/ALM-ware but is sold separately since some people may only need an ALM or a budgeting package but not necessarily both. If the CU/ALM-ware and CU/BUDGET-ware Systems are purchased simultaneously the institution receives a 10% discount off the cost of each System.


Budgeting & Strategic Planning

Budgeting is one of the most critical aspects of financial management. The budget represents a "battle plan" for the coming year or budget period. But a primary benefit of budgeting is also the thought process that underlies its development. Management teams must think about where they are, where they are going, and how they are going to get there. CU/BUDGET-ware was designed to facilitate this process and enable the user to create a detailed budget in a few hours.


Level I.
Level I focuses on the forecasted financial statement, income statement and budget versus actual variance reports for an institution. An annual growth model or a user- defined model for forecasting purposes may be selected in Level I. The effects of the number of days in each month are automatically taken into account.

Level I users can upgrade to Level II at anytime in the future without disrupting their budget or variance reports. Brick & Associates can simply email a few files that will allow the user to begin using the Strategic Planning and other Level II features. The user is then invoiced $300 if under $25 million in assets or $500 if over $25 million in assets.


Level II.
The Advanced Level II CU/BUDGET-ware System contains three additional capabilities. First, Strategic Planning allows for a multi-period budget to extend out to five-years. Second, Branch Budgeting is available for up to 50 branches. Consolidated Budget Reports will show the results of individual Branches combined. Automatic forecasting is available via the Box-Jenkins Time Series approach. This approach produces forecasts using the most advanced technique available for analyzing a time series database.

Software Design
The software’s design allows considerable flexibility in structuring the overall chart of accounts. Excluding totals there are 103 line items on the balance sheet and the user has the flexibility to modify most of the titles. On the Fee Income chart of accounts there are 44 line items. On the Operating Expenses chart of accounts there are 197 line items of which 185 can be edited by the user. The System has a fixed format to all the data entry windows, but allows the user to edit all rows within all sections. The budget reports are comprehensive and yet not overwhelming. This combination of a fixed and variable format provides a high degree of flexibility and eases the budgeting process.

System Requirements

• Windows XP & Higher Operating System
• System may run locally or on a shared network drive
• System does not support concurrent access by multiple users

CU/BUDGET-ware® System Prices
Level I
Institutions Under $25 Million in Assets	$675 *
Institutions Over $25 Million in Assets	$975 *
Level II
Institutions Under $25 Million in Assets	$975 *
Institutions Over $25 Million in Assets	$1,475 *
*Additional 10% Discount if the CU/ALM-ware and CU/BUDGET-ware are purchased simultaneously.

CU/BUDGET-ware System Reports

FEATURES OF VERSION 6.14/6.21	LEVEL I	LEVEL II
Link from CU/ALM-ware to CU/BUDGET-ware	X	X
Primary Report
1 Year Budget	X	X
Strategic Plan (1- to 5-Years)		X
Executive Summary	X	X
Income Statement by Month *	X	X
Financial Statement by Month *	X	X
Monthly Diagnostic Reports *
Concentration: % of Assets	X	X
Concentration: % of Net Worth	X	X
Yields & Costs Diagnostic	X	X
Interest Income & Dividend Expense Diagnostic	X	X
Fee & Other Income Diagnostic	X	X
Operating Expense & Loan Loss Prov. Diagnostic	X	X
Non-Operating Income (Expense) Diagnostic	X	X
Year-End Summary Reports *
Financial Statement	X	X
Yields & Costs	X	X
Interest Income & Div. Exp.	X	X
Fee & Other Income	X	X
Operating Expense & LLP	X	X
Non-Operating Income (Expense)	X	X
Variance Reports
YTD Rate Volume & Income Variance	X	X
Monthly Rate/Volume & Income Variance	X	X
Monthly Income Variance: Expanded & Summary	X	X
YTD Income Variance: Expanded & Summary	X	X
Financial Statement Variance: Expanded & Summary	X	X
Actual Data Projected to Year-End	X	X
Actual Financial Data Projected to Year-End	X	X
ALM Integration Reports		X
Graphics
Ability to Build and Save Graphs in Excel	X	X
Color or Monochrome	X	X
Line, Bar, or Pie	X	X
Financial Statement & Income Statement	X	X
Budget vs. Actual: Financial & Income Data	X	X
Special Features
Easy to Use Annual Growth & User-Defined Forecasting Models	X	X
Branch & Consolidated Budgets		X
Historical Database Time Series Forecasting		X
Print to PDF Capabilities	X	X
1-Day Training at Brick & Associates' Office (Optional)
Credit Unions under $50 million in assets	$380/participant
Credit Unions between $50 million and $100 million in assets	$430/participant
Credit Unions over $100 million in assets	$480/participant
*Level II: If a multi-year strategic plan is created, these reports will reflect each year of the multi-year budget.