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Understanding Year-End Operating Reserves

April 15 @ 9:30 am - 11:30 am

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.

Topics include:

  • 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.


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Details

Date:
April 15
Time:
9:30 am - 11:30 am
Event Categories:
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Venue

Virtual Session – Adobe Connect

Organizers

Rames Paramsothy
Tas Hudani