New UM Report

There is a new UM Report out that displays actual activity by accounting period --

Cost share best practices and examples

Thanks to Katherine for putting together the attached information on cost share. DJP
As promised, here is the Institute of Technology Cost Share 'CSR' best
practices & examples training presentation. 
Hopefully this presentation will provide a solid overview of the 'CSR'
funding process and give you insightful examples that you can apply to
your own cost share funding to-do lists.



The three most important aspects about funding cost share from now until
the end of FY10...



1) Begin with projects that have ended as of 3/31/10

2) Use ONN as routing source for JEs

3) Please ensure revenue aligns with expenses at the FULL optional chart
string level



Special thanks to Ginny Olson, Dr. Priscilla Cushman, Pam Wilson, David
Pappone, Jay Delaney, Kamala Upadhyaya, & Sue Paulson for their valuable
input on this training presentation.  IT_CSR_JE_EXAMPLES_052110.pdf



Best regards,

Katherine Lindsay

Institute of Technology Dean's Office

Finance Team

Summer

We've had a few summer HR questions, so I'm posting this link to central's guidance: 

RRC Summary -- May 2010

A couple items from today's RRC meeting and information on FY11 allocations.
Attached are RRC notes.  RRC 2010-05-19.doc

I'll also take this opportunity to say that FY11 allocations to IT units should be out late this week and/or early next week.  IT's allocation from central was in line with expectations, so the tentative allocations that departments have been working with are very close to the final allocations.  The only adjustments will be for recent hires, and a few minor items that I have talked to some of you about.

I hope people are entering budgets in EFS.  The deadline to have them submitted in EFS is June 4, but I don't believe you will be able to submit them until the unit allocations are input in EFS.  Central just put the collegiate allocation in the system, and it needs to be fully distributed to units before anyone will be able to submit their budget (even deptids that don't get O&M allocations).  I will have it distributed in the system next week, and I will send an email to everyone letting you know when it's done.  You can still fully budget in EFS prior to this happening, it's just the final act of hitting submit that you can't do until the collegiate allocation is distributed.  DJP