Finance Update June 8, 2007 Table of Organization Upcoming Reporting Improvements (Overview) Grant Watch List Grant Budget for ’08 April Financial Results Ereq\Ibuy

Improved Reporting Washington Square stopped supporting Ereport upgrades 2 years ago –Adopted “user” approach…Brio Reporting. Finance hobbled together a team, led by Steve McClendon –Designed Financial Statement Reports and other complex internal reports. –Implemented Parm grant reporting for FA’s. Had Dept Admin testers 1.5 years ago Now (7/1) it’s ready to go public. 3 Departments are now Beta Testing Steve at last DAC this month to review screen shots 7/1 to you. 9/1 (+/-) to PI’s

List of Reports Grant Status: PSR Summary, Update, Personnel, Acct Analysis, Reconciling Items Grant Trial Balance Grant Trend Report (’04 forward): Trend Graph, PI Detail by Sponsor, Research Dollar Density, Space Square Footage, # of PI’s, Dollar By PI Budget Summary Report

Improved Reporting These are not the ideal set of reports Any report we build is easily downloadable and exportable. We are now capable of building and publishing other financial reports that you would like to see. –The more complex, the longer to design. –The more data involved, we may need some behind the scenes help to improve processing time.

Expiring Grant Review List Monthly, Expiring Grant Review List (formerly known as the Grant Watch Lists) are sent to department administrators that have projects expiring in the next five months with the following criteria: –expiring current year budgets greater than $400K; or –expiring current year budgets that represent over 50% of an investigator’s current funding. The list is an Excel file for each department that includes three tabs: –Review List: as described above –Pending Proposals: a list of pending proposals for investigators on the review list with potential start dates within six months of the current date –Current Funding: a list of projects that are current for the department The current status is as follows: –Finance has sent Review Lists for the months ended January 2007 through April 2007 –The response rate is at 60%. –The next lists will be sent by June 15 for the month ended May 2007

Month Expiring NCE Possibility Funded Positions Dept or Disc FundingDept Reported StatusFinance Next Steps MarchY=$247K7Dept=$36 5K A NCE was requested and approved. MarchN2Dept=$1. 7M Positions will be resourced to new project once SPA processes authorization. CPPs were processed 5/15. Renewal received but April payroll posted to this project. Sent to dept 5/16 re: status of CPPs. CPPs recvd & processed. MarchN1Dept=$18.3M This subcontract is continuing.Per SPA, no record of additional funding. Sent 4/15 list, flw-up to dept on 4/25, and sent new list 5/16. MarchY=$168K4Dept=$18.3M This award is continuing.Per SPA, additional funding not recvd yet but project end date is Flw-up if funding is not recvd by 3/31. Sent 4/15 list, flw-up to dept on 4/25, and sent new list 5/16. MarchN5Dept=$4. 8M PI has another grant and access to discretionary funds to fund positions. Payroll has not been resourced so sent e- mail to dept 5/16 re: status of CPPs. MarchY=$77K1Dept=$2. 9M 2 positions were termed and the faculty paid will be resourced. Sent to dept 6/6 re: CPP for faculy paid from grant. AprilY=$97K4Dept=$1. 2M NCE requested and applied for Bridge funding.NCE awarded through 4/30/08. AprilN2Dept=$1. 7M NCE requested and CPP change for funded positions in process. Check with budget about status of CPPs effective 5/1. Sent to Budget 6/6. MayY=$100K5Dept=$1. 2M NOT FUNDED-WILL RESUBMIT 7/07 - Position funded by NCE. NCE awarded through 5/31/08. MayN2Dept=$1. 7M Renewal submitted ( ) and NCE submitted 5/17/07 but will process CPPs. Check with budget about status of CPPs effective 6/1. Sent to Budget 6/6. MayY=$300K5Dept=$1. 7M; PI=$563K PI did request another extension and paperwork is with SPA. Flw-up if extension not revd by 6/15.

Dreams That expiring grant review list evolve into an online interactive tool –Departments, SPA, Finance Be proactive and real time as it relates to applications For ’08 Budget, we need your help with applications not out the door yet.

APPLICATIONS ANTICIPATED: June through October PI Name Sponsor Name Project Start Date, Project End Date 1 st year Direct $’s, 1 st year Total $’s Total Project Direct $’s, Total Project Total $’s Chairman’s assessment of success (%) Spreadsheet out today. Please return 6/15.

April Ytd Financial Results YTD ($18.5) variance of $35.4. Mainly due to sale of Remicade effective 1/1…$34M of the variance. Remicade Sale of $650M happened in May, will not show in operating results. Clinical Operations +$1M Research: Direct Revenue +8%, Indirect +5% +$1.5M, Deficits (.9) Gifts are ahead programmatically, behind for Growth Agenda.