1. New Administrator’s Retreat, 2017
Being a Fiscal Agent
New Administrator’s Retreat, 2017

2. The Buck Stops Here Know your resources
Make sure that decisions are made with thought in advance
Supervise your lead staff person

3. Colors of Money “Permanent” GR budget Temporary GR funds
Foundation funds
Agency funds

4. GR Budget Salaries are the biggest part
Money can be transferred, either temporarily or permanently.

5. Temporary GR Instructional Cost Summer Salary Allocation Tech Tuition
ERIP – Enrollment Rebound Incentive Program
FCR – Full Cost Recovery

6. Foundation Endowed vs. fully expendable vs. “savings”
Spending restrictions
Note that the expendable money is there to be spent

7. Agency
Research accounts
Various other

8. Follow the Money Keep shadow books! Datatel doesn’t have everything
Budget Wizard is slow to update
Mistakes do get made

9. Things to Know
Conference registration is not “Travel,” but “Contractual”
Agreements get taken out of the fiscal year they cover
Strategic Budget Carryover
Getting temp money can happen with justification – make the case

10. Questions?