| 1) |
Goal: Provide University community with timely and
accurate budget information. |
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Objective: Refine budget
information for internal use and presentation to the
Board of Trustees. |
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Tactic: |
Provide supplement to BOT budget
document that includes all responsibility “A” fund
budget summary information. |
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Tactic: |
Explore “all funds” budgeting. Make
recommendations for phase-in of
“all funds” budget. |
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Tactic: |
Explore zero-based budgeting in selected
units/accounts and campuses, if feasible. |
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Tactic: |
Develop multi-year budget model for all
units. |
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Tactic: |
Revise University five-year budget model
for FY2005 and FY2006 actual and FY2007 budget. Project
budget three to five years into the future. |
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Tactic: |
With Human Resources, review and
redistribute FTE baseline across units. |
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Tactic: |
Review Budget Office notebooks to
determine if information can be retained electronically
by scanning or other method. |
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Objective: Assist CFO and
Provost’s Office with revision/update of “A” fund budget
allocation methodology. |
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Tactic: |
Select a cross-campus team to review
current budget methodology. |
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Tactic: |
Prepare scenarios/models for recommended
budget allocation changes. |
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Tactic: |
Develop and prepare variance analysis by
unit and campus of FY2006 budget to actual. |
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Tactic: |
Develop multi-year budget model for all
units. |
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Tactic: |
Develop training presentation materials
for academic deans to explain current budget
methodology. |
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| 2) |
Goal: Improve and
increase training opportunities for University users of
budget information. |
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Objective: Improve unit
business managers understanding and execution of
department operating budgets. |
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Tactic: |
Provide training for Developing a
University-Wide Budget, Budgeting of “A” Funds and
Overview of “E” Funds. Schedule presentations through HR
Professional Development for fall 2006 and spring 2007. |
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Tactic: |
Develop training module for unit
business managers similar to Sponsored Awards Management
GRANT program. |
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Tactic: |
Revisit and compile USC Budget Manual. |
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Objective: Improve Budget
Office Analyst contact with units. |
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Tactic: |
Continue brown bag lunch series for
business managers to review and discuss budget
development and execution. |
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Tactic: |
Initiate quarterly meetings with campus
business contacts. |
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Tactic: |
Budget Office analysts to visit units
regularly. |
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| 3) |
Goal: Assist with
development of long range fiscal plan. |
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Objective: Link planning to
budget and to presentation of actual results. |
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Tactic: |
With Controller’s Office, explore
development of CAFR. |
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Tactic: |
With Controller’s Office, explore
development of interim financial reports. |
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Tactic: |
Work with CFO to develop Business &
Finance Annual Report. |
