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BUDGET AND FINANCIAL REPORTING FOR THE ENTERPRISE

BUDGET AND FINANCIAL REPORTING FOR THE ENTERPRISE. PART 2 - DEMO PROPOSED BUDGET AND POSITION MANAGEMENT. KSU Financial Data Mart. Proposed Budget. Proposed Budget. Proposed Budget. BUDGET PREP REPORT DEMONSTRATION. Position Management. PERSONNEL SERVICES TYPICALLY REPRESENTS BETWEEN

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BUDGET AND FINANCIAL REPORTING FOR THE ENTERPRISE

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  1. BUDGET AND FINANCIAL REPORTING FOR THE ENTERPRISE PART 2 - DEMO PROPOSED BUDGET AND POSITION MANAGEMENT

  2. KSU Financial Data Mart

  3. Proposed Budget

  4. Proposed Budget

  5. Proposed Budget

  6. BUDGET PREP REPORT DEMONSTRATION

  7. Position Management

  8. PERSONNEL SERVICES TYPICALLY REPRESENTS BETWEEN 65% - 70% OF INSTITUTION'S TOTAL BUDGET

  9. Position Management Roles OFFICE OF BUDGET & PLANNING DEPARTMENT MANAGERS • Maintain oversight • Verify funding • Monitor spending and hold managers accountable • Determine and redirect vacancy lag funds to maximize resources • Track and Report to Management • Budget planning • Track expenditures • Control spending

  10. Position Management

  11. Position Management

  12. Position Management *****Updated Nightly*****

  13. POSITION MANAGEMENT DEMONSTRATION

  14. DISCUSSION/QUESTIONS

  15. BUDGET AND FINANCIAL REPORTING FOR THE ENTERPRISE PART 3 OPERATIONAL AND STRATEGIC REPORTING AND ANALYTICS

  16. KSU Financial Data Mart

  17. Financial Monitoring, Reporting and Analytics Requirements Limitations • Static reports • Difficult to understand • Cumbersome to print and perform analysis • No analytical tools • Inability to customize to meet needs • Fiscal responsibility, accountability and stability • Communication and Transparency • Accurate projections • Monitor fund balances, debt ratio, and cash flows • Reports to Dept Mgrs.

  18. Financial Monitoring, Reporting and Analytics

  19. Financial Monitoring, Reporting and Analytics *****Updated Nightly*****

  20. FINANCIAL REPORTING & ANALYTICS DEMO

  21. DISCUSSION/QUESTIONS

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