1. Session 8 FM_Installment Modification by Organization Focus on Reports To print: Right click Choose “Print” Change option “Print What?” from “slides” to “note pages” Click ok

2. Report Purpose To provide a single report that shows all installment changes made to endowment, gift, capital, state, local, and FA award installments. To report changes in a consistent manner that is useful to both award managers and central offices.

3. The report has 3 Tabs 1. Installment changes to State, Local, EI & DI awards 2. Installment changes to Endowment, Gifts, and Capital Project Awards 3. Installment changes to F&A awards

4. State (‘S’) Local (‘L’) The UBO creates a new installment at the beginning of each fiscal year as part of the annual budget process. Thereafter, changes are made via submission of an ICOM form by the award manager. Institutional Gifts (‘DI’) & Endowments (‘EI’) The UBO creates a new installment periodically as new gift and endowments are received in accordance with the nature of the terms of the commitment. Restricted and Unrestricted Endowments (‘ER’ & ‘EU’) ITS updates installments twice a year in January and June as determined by the BOV endowment and income payout %. Restricted and Unrestricted Gifts (‘DR’ & ‘DU’) ITS updates installments monthly, reflecting the total gifts deposited that month. Capital Projects (‘LP’ & ‘SP’) ITS creates and updates only one installment per award as needed. F&A (‘FA’) Financial Analysis creates a new installment at the beginning of the fiscal year for the preliminary estimate of the F&A distribution. In May, installment modifications are made for actual F&A distributions thru April YTD. In July, installments are adjusted for actual distributions for the prior fiscal year.

7. UBO Change Types TypeReason OIOriginal Installment MPModification – Permanent MCModification – Carry forward MTModification – Target TITarget Installment TMTarget Modification

9. ITS Change Types TypeReason ITS - GiftGifts ITS – Endow IncEndowment Income ITS – OtherOther ITS – RefundRefunds to Donors ITS – Trsf InTransfers In ITS – Trsf OutTransfers Out

11. Questions