Budget Process: Weekly Roundup - April 13

April 13, 2017
Divisional Finance Leaders,

This week's news
Operating Budget adjustment: CX employee payroll increase assumption changes
We are partnering with Labor Relations to save you time and help you most accurately plan for FY2017-18. Due to the tentative agreement between UC Berkeley and the CX bargaining unit, we need to budget for clerical employees receiving a 6.1% salary adjustment in FY2017-18 (representing two years of increases). We will apply the 6.1% increase to the FY2017-18 Operating Budget on Monday, April 17. We will not be updating FY2016-17 data. Please note the contract may also include a $1,200 flat adjustment; if material, planners may make these changes using a Dept ID adjustment based on number of impacted employees. Please contactLabor Relations with any questions. 

Next week's news and beyond
Divisional Budget Dashboard optional narratives due April 21
As a reminder, the optional narrative portions of the prototype Divisional Budget Dashboard are due to the Office of the CFO via cfocommunications@berkeley.edu by Friday, April 21
Starting tomorrow afternoon we'll send early drafts of your dashboard to you for a preview. We'll complete your divisional dashboard using your narratives and final budget submissions, and we'll provide the final version to you, the EVCP, and your Dean/VC 48 hours in advance of your division's 30-45 min Budget Meeting with the EVCP and CFO during mid-May.

Q3 Quarterly Variance reports due April 27
Campus leadership launched the Quarterly Variance Reporting and Flash Forecast process this year to deliver transparent reporting to divisional leaders; improve the quality of actual, budget, and forecast data; and allow divisions to course-correct throughout the year. Your Q3 Variance Reports will be due Thursday, April 27 and your Flash Forecast will be due with your budget submission on Friday, May 5. We'll send you and your Dean/VC the quarterly variance reports for completion by early next week. 

Website hub with timeline and resources
We appreciate that there are many moving pieces to manage every year during the budget process - you can keep track of all the essentials, including the timeline and resources, on the Office of the CFO budget process website hub at cfo.berkeley.edu/budgetprocess.

Thank you,

Financial Planning & Analysis Team
Office of the CFO