Towson University

Customized Budget Monitoring

Stratus’s customizable budget monitors help you track every level of your budget for improved decision making. You can build a range of monitors to view budgets, commitments and expenditures from different perspectives, then save them to check whenever needed. Set criteria to roll up cost centers, departments, units and sub-divisions. Use drill-down capabilities to see budget details down to the transaction level.

Budget Transfers

Budget transfers will be simplified into one entry page completed outside of Stratus. A representative from the cost center giving the spending authority should complete the budget transfers spreadsheet, save it with their name/initials in the file name and submit it to the University Budget Office. You can build and use templates for routine transfers to streamline the process. Learn more in the budget transfers self-help doc.

Tips & Tricks

When creating a budget monitor, determine what level of data you need in advance. Are you looking for budget information at the cost center level, unit level, or for the whole division? Remember that you can roll up multiple sources by selecting “all source values.” You can also drill down on any fields highlighted in blue.

Budget transfers and monitors will use the redesigned chart of accounts (COA). We recommend reviewing the chart of accounts training resources, including the COA crosswalk, before working with budgets in Stratus. You can compare the PeopleSoft and Stratus COA and learn how to use shorthand aliases.

Learn More

Access training materials, FAQ, the Stratus glossary and more on the Stratus Training webpage. Contact the project team with general questions or a change agent with specific questions about a process for your office. For assistance after completing training, sign up for a one-on-one session with a Stratus expert.

Project Updates

As of July 1, Tiger Travel is no longer available and PeopleSoft Financials access is limited to users performing fiscal year-end activities and reporting. Those with year-end access should bookmark the legacy system, as the MyTU tile is being replaced with Stratus.

Users who need assistance after go-live should email the Stratus Financials Team. The email will be monitored by training staff who can address concerns related to system access, module functionality, error notifications and more.

For more information on how Stratus is modernizing, standardizing and simplifying TU’s business processes, visit the Stratus website.