1. Phase II 2007-2008 Main Operating Budget Information Session

2. Objectives At the end of this session you will be able to: Complete your 2007-2008 Main Operating Budget Template

3. Agenda 1.Introduction, objectives, agenda 2.Review 3.2007-2008 Main Operating Budget 4.Demonstration 5.Summary and Questions

4. Review The April 2007-2008 Budget exercise will be completed in two steps: 1.Sales & Service and Other Revenue Budget 2.COPSE and Degree & Non-degree Tuition Budget – Main Operating Budget

5. Review The April 2007-2008 Budget exercise will be completed in two steps: 1.DONE  Sales & Service and Other Revenue Budget 2.COPSE and Degree & Non-degree Tuition Budget – Main Operating Budget

6. 2007-2008 Main Operating Budget PHASE II. This is the development of your main operating budget. (Core Budget) Final target budget is pending Board approval. (June 19, 2007)

7. 2007-2008 Main Operating Budget Difference between 110 and 120 Funds: 110 Unrestricted Operating Funds Budget is determined in part by COPSE and in part by degree and non-degree tuition. 120 Internally Restricted Budget is determined by your best estimate of your revenue sources.

8. 2007-2008 Main Operating Budget Predecessor Funds included in this exercise: 110Unrestricted Operating Funds 11000General Operating Allocation 12107Targeted COPSE Projects 12600Other Allocations & Projects (recently changed from 120) 120Internally Restricted 12103Targeted COPSE ACCESS 12104Targeted Indirect Cost of Res (613) If you have a FOP with no baseline, then it is budget only and is provided for your information.

9. 2007-2008 Main Operating Budget Main Operating Budget Template Performed in Microsoft Excel Each Worksheet Tab contains one FOP combination Staff Benefit and Pay Levy are calculated per FOP

10. 2007-2008 Main Operating Budget Main Operating Budget Template Includes March 31, 2007 actuals, fiscal and baseline budget to help in budgeting process Multiple versions Templates are accessible through your desktop (Zenworks or through Network Drive)

11. 2007-2008 Main Operating Budget Targets based on: March 31, 2007 baseline (gross) Plus/Minus 07/08 adjustments Less previously established 2007/08 Revenue/Expenditure Targets

12. 2007-2008 Main Operating Budget Reminders: Remember not to incorporate your April 1 contract or step increases for Baseline funded positions. Remember not to move SIP baseline as it is governed by SIP process. Check your FTE count to ensure it is reasonable. If you have a baseline funded position, you must include an FTE

13. 2007-2008 Main Operating Budget FOP Combinations NSF transactions are frequently caused by invalid Fund/Orgn/Prog combinations being used. Please ensure you are using the correct Program to minimize your transactions from being held up. Information will be made available on the web shortly to help you verify your FOP combinations.

14. 2007-2008 Main Operating Budget Template Demonstration

15. 2007-2008 Main Operating Budget Summary Be as accurate as possible. Better budgeting helps everybody No Budget = No Spending Use information in FAST to help you budget.

16. 2007-2008 Main Operating Budget Summary Deadline – June 25, 2007

17. 2007-2008 Main Operating Budget Questions?