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December 10, 2012

Monday, December 10, 2012

Enhanced Budgeteer Role:

  • Implementation of FMW / BudCast, expected to provide basis for higher level discussions with budget officers and KU central administration
  • Training Sessions with budget officers and central staff scheduled to begin week of Dec. 3 on FMW. Group training sessions with one-on-one desk side training to follow. Rollout will continue through January 2013.

Redesign KU's Annual Budget Process: encompass all sources of funding

  • As of 11/26/2012, meetings to discuss FY 2012 year end carryforward balances with deans, vice provosts and budget officers have been completed; in total, 22 meetings were held.
  • FY 2014 Budget Call initiated 12/06/2012.
  • Status of the FMW implementation:
    • Will be referred to as BudCast (a BUDgeting and foreCASTing reporting tool)
    • Initial implementation is complete and the tool is now being utilized by Information Technology and the School of Education.
    • A project plan (including scheduled training sessions and training documentation), for campus roll out began on December 5, 2012. Training and post "Go Live" support will continue through January 2013.
    • Financial reports for departments and central administration are continuing to be developed through January 2013.
    • Developing the All Funds Budget template to be utilized in future budget calls.
    • Huron staff engaged in these efforts will be working to transition skill set to KU staff.

Create Budgetary Incentives: to grow enrollment & sponsored research, rewarding accountability

  • FY 2014 Budget Call includes realignment targets based on these measures.

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Changing for Excellence was the featured cover story in the January, 2015 edition of Business Officer, the official magazine of the National Association of College and University Business Officers (NACUBO). You can read the full story online.

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