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Category: UFPM
University Financial Planning Model
Investment Business Cases – new process to assess investment decisions
As part of the new Investment Framework, the Planning and Budget Committee supported the use of Business Cases to assess investment decisions throughout the University, for both Faculty/Division internal approvals and for University strategic investment funding approvals subject to materiality bands. The Business Case templates and a Financial Model (to evaluate the opportunity) are located […]
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Deferred Expenditure Factsheet
The Business Planning & Analysis Team have developed a Fact Sheet on Deferred Expenditure (DE). The Fact Sheet aims to provide guidance and increase understanding of processes and principles including how and when deferred expenditure requests are managed. DE relates to activities and/or projects in the discretionary segment which have been planned to take place […]
New Reporting Available – Financial Management Reports
The UFPM team are pleased to announce that a new suite of Financial Management Reports are now available through the University’s Business Intelligence tool. This new suite of reports has enabled automation of our existing Monthly KPI reports plus provides a number of new Financial Management Reports for use in current internal monthly reporting processes. […]
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University Financial Planning Model and Process Review (UFPM) – System Roadmap
Issue 3 of the UFPM Newsletter is now available. 2013 was a busy year, with the UFPM team heavily involved in the implementation of the 5 year financial plan, Space Charging Model and Net Surplus Reporting. During this period, the team also spent time reviewing and developing a strategic roadmap aimed at achieving the systemisation […]
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University Financial Planning Model and Process Review (UFPM)
Issue 2 of the UFPM Newsletter is now available on the UFPM webpage! Please have a read to find out about the 2013 University Budget, as well as the next steps for the Project in 2013. For any questions about the newsletter or the UFPM Project, please contact either David Parker or Chris Soteriou (contact […]
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2013 Budget Approved
Council has approved the University of Adelaide’s 2013 Budget at its December meeting. The document is now online and available for UoA staff to view. The budget was built utilising the new Gross Surplus model, delivering enhanced ownership and transparency. Highlights of the approved 2013 Budget include: Budgeted revenue to increase by $15M above 2012 Forecast due predominately […]
University Financial Planning Model & Process Review (UFPM)
The 2013 University Budget Process is well underway as we look to finalise the University Budget for presentation to Council. Approval of the new 2013 Budget forms a key milestone in the UFPM Project. The 2013 Budget has been built utilising the new Gross Surplus model, with areas building their own budgets for submission and […]
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Bouquets for the University Financial Planning Model
Cathy is taking some well deserved leave and has bravely passed the blog over to me in her absence. Thank you to all who have visited our new website which was created recently to support communication for the UFPM Review. Sincere thanks for the positive feedback – it is much appreciated! Presentations of the Model by CFO, […]
University Financial Planning Model & Process Review (UFPM)
Since our last update, Planning and Budgeting Committee (PBC) have endorsed Principles to guide the development of the new University Financial Planning Model. We are currently working with PBC on the Budget Model to be used in the 2013 Budget process. The main pillars of the proposed 2013 Budget Model include: Budgeting Gross Revenue in […]
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University Financial Planning Model & Process Review (UFPM)
To enhance financial governance and management reporting, we have rolled out our first traffic light reports for the month of April. We are working with Faculties and Divisions to ensure the reports provide relevant information for decision making. This includes financial, EFTSL and FTE data, which will help produce performance metrics on a regular basis. […]
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