If you wish to unassign a budget from an active project, navigate to the budget section and click on the unassign icon.
How to delete the budget entirely?
To delete a budget, simply click on the three dots and use option Delete. Only unassigned budgets can be deleted. To maintain data integrity and control access, only CFOs and admins have the permission to delete budgets.
How Does it Affect the Project Overview?
When you unassign/delete a budget with tracked hours or invoicing associated with its budget items, the budget item will be labeled as 'DELETED.' To remove this label, it is necessary to move the tasks with the tracked hours to another budget item or project and edit the invoice if there is one.