Purpose

To describe the community campus responsibilities for management reporting.  

References

Board of Regents Policy and Regulation 05.01.00 Statewide Accounting Manual Procedure P-82

Definitions

Management Reporting: The process and methodology for evaluating financial performance a university unit. The report is used to calculate and anticipate the deficit and lapse or carryforward for the fiscal year.

Policy

Delegation Authority Community campuses are required to operate strictly within the fiscal limits established by their respective annually adopted budgets and approved amendments, in accordance with university policies and procedures. The Directors/President are responsible for ensuring that deficit spending does not occur within his/her respective unit.

1. Ability to determine and manage the financial activities of the campus
2. Existence of an internal system which provides data as required for generation of the report
3. Reconciliations that tie to Banner Finance balances for total revenue, expenditures and budget
4. Worksheets conforming to the following requirements:
5. 1. Consistency with narrative response
   2. Referenced budget revisions
   3. Proper extensions and footings
   4. Equal balance between total revenues and total expenditures
   5. Detail major object code level projections of expenditures and revenue
   6. Consistency in format with other UAA units
6. Appropriate explanations and identification of corrective actions for projected lapses and deficits in the narrative or footnotes on the worksheet
7. Narrative response addressing the questions presented in procedure P-82 of the Statewide Accounting Manual