This week's news
Call letter released
The Office of the EVCP released the FY2017-18 call letter on Wednesday, March 22. As a complement to recent budget discussions with the EVCP and CFO, this letter provides campus leaders and finance professionals with additional information to complete their divisional budget for formal submission, along with their strategic plans and revenue generation plans, by early May.
Campus leaders launched the Quarterly Variance Reporting and Flash Forecast process this year to deliver transparent reporting to campus; improve the quality of actual, budget, and forecast data; and allow divisions to course-correct throughout the year. You may access the newly released Q2 Variance Reports and Flash Forecast on the Office of the CFO website. Questions, contact Heidi Hallett, Director of Financial Reporting & Analysis, via email: email@example.com.
Form A and Budget Template via data entry service due April 7
Target report and narrative, new submission materials for May 5
- The target report allows campus leaders to review trends and set a baseline expectation of financial results for the year.
- The target narrative helps campus leaders understand what actions have been taken, or are planned, to meet the improvement target.