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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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