diff --git a/db/migrate/20161230172816_remove_valuating_from_budgets.rb b/db/migrate/20161230172816_remove_valuating_from_budgets.rb
new file mode 100644
index 000000000..4b6e97e7f
--- /dev/null
+++ b/db/migrate/20161230172816_remove_valuating_from_budgets.rb
@@ -0,0 +1,5 @@
+class RemoveValuatingFromBudgets < ActiveRecord::Migration
+  def change
+    remove_column :budgets, :valuating, :bool
+  end
+end
diff --git a/db/schema.rb b/db/schema.rb
index 2d68c3d11..cc646e6e1 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -11,7 +11,7 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema.define(version: 20161229153505) do
+ActiveRecord::Schema.define(version: 20161230172816) do
 
   # These are extensions that must be enabled in order to support this database
   enable_extension "plpgsql"
@@ -164,7 +164,6 @@ ActiveRecord::Schema.define(version: 20161229153505) do
     t.text     "description"
     t.string   "currency_symbol", limit: 10
     t.string   "phase",           limit: 15, default: "on_hold"
-    t.boolean  "valuating",                  default: false
     t.datetime "created_at",                                     null: false
     t.datetime "updated_at",                                     null: false
   end