budgeting basics taking an all funds approach
Download
Skip this Video
Download Presentation
Budgeting Basics- Taking an All Funds Approach

Loading in 2 Seconds...

play fullscreen
1 / 8

Budgeting Basics- Taking an All Funds Approach - PowerPoint PPT Presentation


  • 317 Views
  • Uploaded on

Budgeting Basics- Taking an All Funds Approach . Northern Arizona University University Budget Office. Funding Shifts. State appropriation funding has decreased from nearly 40\% of funding sources in FY08 to 23\% in FY14

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Budgeting Basics- Taking an All Funds Approach' - keren


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
budgeting basics taking an all funds approach

Budgeting Basics-Taking an All Funds Approach

Northern Arizona University

University Budget Office

funding shifts
Funding Shifts
  • State appropriation funding has decreased from nearly 40% of funding sources in FY08 to 23% in FY14
    • Tuition and Fees, Government Grants and Contracts, and Auxiliary funding sources have increased during this time
state funding
State Funding
  • State Budget continues to be significantly impacted from the reduction in General Fund Appropriations
    • FY13 marked the first year General Fund Appropriations made up less than 50% of the initial State Budget
    • Increased funding from tuition collections has helped offset the 31% decline in general fund appropriation since 2008
local designated auxiliary funding
Local (Designated/Auxiliary) Funding
  • Beginning Balance; Revenue; Net Transfers In
    • Providing significantly more sources of funding to support unit operations
      • 65% growth from FY09 actual funding sources to FY14 budgeted funding sources
combined state and local resources
Combined State and Local Resources
  • Impact from adding local funding resources to state resources is significant for all units
all funds budgeting
All Funds Budgeting
  • Important to incorporate all funding sources during the budgeting process and throughout the year
    • Helps to determine what resources are available to fund University, Division and Department priorities
  • Questions to further clarify your decisions
    • What are your recurring expenses (e.g. people) and what are the changes you expect to those recurring expenses (either new ones or ones that should/need to end)?
      • Should/Could they be funded on state funds or local funds?
    • What are your 1 time expenses (operations/capital/new initiatives)?
      • Do you have room for those expenses on your state funds (if expenses are allowed) or do you have local funds to cover it?
    • Do you have funding to cover your expenses through state funds, beginning balances, new revenue?
      • Is your revenue a recurring revenue stream or a one time event?
    • Do you expect to see a decrease or increase in your local ending balance compared to your beginning balance?
    • What other changes do you expect?
general questions to consider during budgeting process
General questions to consider during budgeting process
  • What additional transactions do you expect to see before year end that will impact your YTD revenue and expense?
  • How do your YTD expenses/revenues compare to the projected amount for the end of the year?
    • If you are projecting LESS than your YTD amounts, what transactions do you expect that will decrease the amount by the end of the year?
    • If you are projecting MORE, is the additional amount realistic given the amount of time left in the year?
resources to use in budgeting
Resources to use in Budgeting
  • NSTAR Reports
    • Finance
    • HR
  • Salary Change Report (JFR access on Budget Shares drive)
  • Budget Adjustments and Local Fund Transfer listings (JFR Access on Budget Shares drive)
  • Business Objects Reports
    • Transaction Detail
    • Status of Funds
    • Payroll
  • PS Financials
    • Budget Overview
ad