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Research Administration & Finance Department Meeting

Research Administration & Finance Department Meeting. December 17, 2007. Agenda. Update on DCAA Account setup Fiscal Year 2009 Budgets. Why is a Fiscal Year Budget Important?. BOT reporting obligation Strategic planning tool Operations management tool Department tool.

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Research Administration & Finance Department Meeting

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  1. Research Administration & FinanceDepartment Meeting December 17, 2007

  2. Agenda • Update on DCAA • Account setup • Fiscal Year 2009 Budgets

  3. Why is a Fiscal Year Budget Important? • BOT reporting obligation • Strategic planning tool • Operations management tool • Department tool

  4. FY2009 Budget Objectives • Develop a fiscal year budget based on the best information available • Trends, track records, environmental influences • Do I use a best case or worst case scenario?

  5. The FY2009 Process 2 Steps • FTE projections • $$$ projections

  6. FTE Budget Tool • Excel spreadsheet with HRS FTE data combined with FRS account and grant data • High level grant accounts in COGNOS to “hold” projections

  7. FY2009 Budget Schedule • Step 1, FTE projections by January 11, 2008 • Step 2, $$$ projections in February 2008

  8. FY2009 Budget Buddies • Budget Buddies will work with assigned department to complete full department budget, including academic, research, and other efforts • Department assignments:

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