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“…that is the question”
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What are a few things you may need?
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A map is one of the key elements of planning your trip A current and accurate map will plan the route Will highlight obstacles along the course And get you to your final destination X
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Develop an analytical tool for making decisions related to centralization or decentralization. Budget Management
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Identify Need and Overall Goal: Budget Management: Segregation of Duties Accountability Internal Controls Funds Management Can use a worksheet to help identify and organize goal.
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Understand the Current Process What areas will be Impacted? Business Affairs Office Purchasing Payroll Financial Analyst Printing Catering Users Developers UO Mission Statement Unit Mission Statement
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Should Budget Management be centralized? Review data from Fact Finding Phase Identify Leverage Points Identify Inefficiencies Consider impact on culture change Advantages & Disadvantages
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Are Resources available? Operating Budget (long term costs) Business Practices Monitoring & Reporting Personnel Impact Implementation Costs (software, training) Is it Feasible & Practical
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Review all Phases and Make the Decision
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University MissionStrategic Plan Operating Budget Accounting Standards Performance Measures Capital Budget Business Practices Audits Debt Policy Internal Controls Monitoring & Reporting How mission is carried out Align resources to fulfill plan Put resources into action Monitor results against plan
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Centralize Budget Management: Segregation of Duties Accountability Internal Controls Funds Management Centralized Budget Management System Centralized Budget Management System
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