Budgets and Analysis develops, coordinates, and oversees the following (each link will direct you to the corresponding loop document):
Budgeting Process: Budget activities, which lead to the development of the Institute’s annual consolidated budget.
Forecasting Process: Forecast activities, which lead to the development of the Institute’s quarterly consolidated forecasts.
Financial Analysis Reports: Regularly report on progress of actual and forecasted amounts against the budget and monitor the corrective action that is being undertaken as approved by the Leadership Team.
Operating Funds (OF): Approve, set-up, and maintain operating organization codes.
Restricted Funds (RF): Approve, set-up, maintain, and monitor externally restricted funds and ensure that the contractual spending guidelines are adhered to.
FSA Professional Development (PD) Funds: Regularly maintain, monitor, and update personal and pooled PD fund balance(s).
Position Control Numbers: Ensure that required approval has been obtained. Create and assign new position control numbers.
Security Access: Maintain and set-up user security access to Banner, Cognos reporting system, TM1 and Signing Authority.
Signing Authority: Maintain levels of signing authority
Training: Provide on-going training on the various reporting tools available for budgeting and forecasting preparation.
Contacts at the Budgets and Analysis office.