2015-2016 BUDGET PRESENTATION SCHOOL OF MEDICINE
BUSINESS OFFICE TRAINING AGENDA • BUDGET ASSUMPTIONS & CHANGES • BUDGET INFORMATION BEING SENT OUT • BUGET INFORMATION SUBMITTED • QUESTIONS????
BUDGET ASSUMPTIONS & CHANGES • 1. GRA will be same as last year. a. State is using CPI of .8% b. SOM requested 1.0% increase on years 3-6 and .8% on years 1- 2 • 2. With revenue flat expenses will also have to be flat. • 3. Will budget for raises but don’t know if they will be given. • 4. Budget Model may change.
BUDGET ASSUMPTIONS & CHANGES • 5. We are going to combine Salary and Expense DeptID’s into the current Salary DeptID. • 6. As last year you will only budget for non- salary expenses. Will only send out operating funds. RIF & Startup Funds will be different. • 7. Must be turned into the Business Office by February 20. • 8. Call Becky or Mark if you need help.
QUESTIONS ????
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