Understanding Year-End Operating Reserves
April 11 @ 10:00 am - 12:00 pm
Location: Virtual Training Session
Duration: 2 hours
Format: Lecture + Demonstration
Year-end Operating Reserves are a division’s net overspending (deficit) or under spending (surplus) amount at the end of a fiscal year. Accurately calculating the operating reserve can play an important role in determining your divisions’ budget for the upcoming fiscal year. This course will introduce you to the best practices and processes involved in year-end operating reserve reporting.
- Definition of an Operating Reserve
- Calculating the Year-End Operating Reserve (single & multiple Funds Centers)
- The University’s Operating Reserve Policy
- Features and characteristics of various Operating Reserve reports
Note: This workshop is intended for advanced FIS users who have completed the FIS Standard Curriculum.