2015-16 Five-Year Rolling Forecasts
Presented by: Financial Services (Budget & Special Projects, Controller’s Office) and
Institutional Planning & Assessment
October 2015
Information Session Agenda
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Overview of rolling forecast objectives
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Interrelationships with other FS/IPA initiatives and processes
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Overview of the five-year rolling forecast templates, companion
document and tools
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Questions and general discussion*
*These sessions are intended to be interactive so please ask questions at any point
Objectives of the Five-Year Rolling Forecasts
Provide Institutional and Unit leadership with a tool to assist in
developing a better understanding of financial resources and
provide more robust financial forecasting capabilities
Development Considerations: Budget Management
•
Completeness of 2015-16 detailed budget information
•
Comprehensive view
•
Starting point of planning for 2016-17 budget cycle
Development Considerations: IPA
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2016-17 Operations Forecast update
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2016-17 Resource Allocations update
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Requested 3.5%
Timing of 2016-17 provincial grant
RCM implementation
Provost and IPA connecting with Deans and Unit Leaders
TABBS update
PCIP strategic funding process
Development Considerations: Controller’s Office
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Annual Fund Review Process:
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Improve financial information and understanding
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CFOAPAL review/changes;
Existing funds – review: purpose? correct roll-up? repurpose, combine, close?
Implement and apply Financial Reserves Policy
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General Funds (Operating and Ancillary)
Classification:
o Financial Reserves (Risk Reserves; Academic Opportunity Reserves)
•
Target Range (Tom Crosson, Risk Management, Corp Admin – 966-8788)
o Designated Funds (Internal-e.g. APEFs; specific project / External-e.g. donor
funding)
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Standard Template; annual review
Timelines
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October 8, 2015 – Five-year rolling forecast templates and companion
documents provided to Units
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October 22, 23, 26, and 28, 2015 – Information Sessions
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November 30, 2015 – Draft forecasts to Financial Services and
Institutional Planning & Assessment for review and comment
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December 2015/January 2016 – Conversations with Senior University
Leadership (re: planning and finances)
Contact Information
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Financial Services – Budget & Special Projects:
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Piya Sen, Director – 966-8756 piya.sen@usask.ca
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Kris McWillie, Manager – 966-2798 kris.mcwillie@usask.ca
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Lucy Vuong, Analyst – 966-2206 lucy.vuong@usask.ca
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Lorraine Shantz, Analyst – 966-1398 lorraine.shantz@usask.ca
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Justine Marchuk, Analyst – 966-4770 justine.marchuk@usask.ca
Contact Information
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Financial Services – Controller’s Office:
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Sandra Baptiste, Associate Controller – 966-2576 sandra.baptiste@usask.ca
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Dustin Bertsch, Analyst – 966-4621 dustin.bertsch@usask.ca
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Marj Talbot, Analyst – 966-8580 marj.talbot@usask.ca
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Krista Shotton, Analyst – 966-8307 krista.shotton@usask.ca
Contact Information
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Institutional Planning & Assessment:
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Jacquie Thomarat, Director – 966-2561 jacquie.thomarat@usask.ca
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Tiffany Lepage, Analyst – 966-1828 tiffany.lepage@usask.ca
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CeCe Baptiste, Analyst – 966-3268 cece.baptiste@usask.ca
Questions
or Comments?