Budgeting and Financial Management at Case 101 Overview of the Case Budget Session 2 - PowerPoint PPT Presentation

1 / 11
About This Presentation
Title:

Budgeting and Financial Management at Case 101 Overview of the Case Budget Session 2

Description:

Christine Ash, VP of Planning & Budget. Ginny Leitch, ... of the above have a fiduciary responsibility, and serve as financial stewards of the University. ... – PowerPoint PPT presentation

Number of Views:110
Avg rating:3.0/5.0
Slides: 12
Provided by: Case56
Category:

less

Transcript and Presenter's Notes

Title: Budgeting and Financial Management at Case 101 Overview of the Case Budget Session 2


1
Budgeting and Financial Management at Case
101Overview of the Case BudgetSession 2
November 16, 2006
  • John Anderson, Provost
  • Christine Ash, VP of Planning Budget
  • Ginny Leitch, Associate VP of Budget Financial
    Planning

2
Budget and Financial Management at Case
101Course Objectives
  • Session I Understand the alignment between
    academic and financial priorities
  • Understand the budget process on a university
    and school level
  • Session II Ability to read and understand the
    Universitys Budget Book
  • Session III Become familiar with financial
    drivers endowments, debt and working capital

3
Office of Planning and BudgetsReporting Lines

CFAO Finance and Admin.
Provost Academic
VP Planning Budget (Split Personality)
4
Office of Planning and Budgets Functions
  • The reorganized Office of University Planning and
    Budget will oversee the following major functions
    (Aug. 2004)
  • Financial planning linked to the strategic plan
    (five-year plans, budget development)
  • Budget management (forecasting, compliance,
    control)
  • Institutional research (benchmarking,
    internal/external reporting, trend analysis)

5
Budget Reporting Structure
  • For planning and budget purposes, the Schools,
    through their Deans, report to the Provost.
    Central Offices report to the President, the
    Provost, or the CFAO.
  • All of the above have a fiduciary responsibility,
    and serve as financial stewards of the University.

6
Budget/Management Systems
  • Current System
  • Decentralized
  • Every Tub on its Own Bottom (ETOB)
  • Proposed System
  • Decentralized
  • Responsibility Center Management (RCM)

7
Financial Planning/Budget/Forecast Process (FY07)
Resource Key FSBC Faculty Senate Budget
Committee UPC University Planning Committee UBC
University Budget Committee
THIS CYCLE ASSUMES THAT A STRATEGIC PLANNING
PLATFORM EXISTS VISION/GOALS/OBJECTIVES
8
Timeline
Update Guidelines (Tuition Rates, Endowment
Payout Rate, etc.)
Fall
Winter
Prepare five-year plans
Spring
Prepare the next years budget
June
Budget approved by the Board of Trustees
9
Budget Categories
  • Income
  • Tuition academic year/summer,
    undergrad/grad/professional
  • Endowment restricted/unrestricted
  • Gifts restricted/unrestricted
  • Research Training
  • Overhead
  • State
  • Other
  • Auxiliaries food services/housing
  • Direct Expense
  • Restricted salary/non-salary (must equal the
    total of restricted endowment/restricted
    gifts/research training)
  • Unrestricted salary/non-salary
  • Indirect Expense
  • University Services examples, Presidents
    Office/Budget Office
  • Student Services examples, Undergraduate
    Studies Office/Admissions
  • Plant utilities/other
  • ITS
  • Library
  • Auxiliaries see above

10
Example of Allocation Rule
  • Undergraduate Academic Year Tuition
  • Every Tub on its Own Bottom (ETOB)
  • 15 net tuition allocated on share of UG degrees
  • 85 net tuition allocated on share of UG CHRS
  • Responsibility Center Management (RCM)
  • Same as above, but rather than using current year
    data, will use a 2 year moving average

11
Questions and Answers
Write a Comment
User Comments (0)
About PowerShow.com