Financial Planning & Analysis
The Financial Planning & Analysis team is responsible for:
- Preparation and oversight of the annual budget of the University.
- Allocation of the HEFA funds in accordance with budget directives, student fee-paying distribution.
- Maintenance of policy and procedure manuals applicable to budget processes, fixed assets, etc.
Budget Model Process - a high level summary of the University's Budget Model, which outlines some of the Key Performance Indicators (KPI's) and the major components of the budget process.
Financial Business Planning Applications
Budget and Forecast Modules
The University Financial Planning Model (UFPM) Project has delivered Budget and Forecast Modules for Faculties and Divisions to input the University Budget and Forecast. They are built in Business Intelligence COGNOS TM1 software allowing users to take advantage of historical data sets and some advanced planning TM1 functionality.
The Budget and Forecast Modules can be accessed via the Financial Business Planning Application link within the quick links on this page.
To support all users in this new endeavour, a Finance wiki has been created which holds a wide range of learning materials to assist in understanding the new budgeting tool as well as describe the University financial planning methodology.
University Salary Planning Model (USP)
The new University Salary Planning Model will launch in June 2016 providing an integrated Tm1 solution for the University Salary Budgeting and Forecasting processes. More details to follow.