1. F&A Meeting
June 19, 2018

2. FY19 Budget Update
Currently FY19 out of balance due to various changes in revenue and expense projections
Will have to monitor FY19 in progress to ensure balance at year end
Targeting first week of July for budget upload
Initial load will be for non-personnel in GOF
State-Tuition-GOF personnel will be loaded after an update to positions lists based on current vacant and filled positions
Budget templates will be updated and will be provided to budget areas
Initially templates will not include a position list, once positions are settled position list will be added to template
Revenue based funds will be loaded at conservative revenue forecast, will be revisited at mid-point of year at which time budget adjustments will be made based on current revenue
FY19 variance reporting
Targeting finalized plan from budget areas by end of Q1 based on allocated budget
Quarterly variance reporting process will be implemented based on plan
A good variance reporting process assists in development of the following year’s budget and current year projections