What We Do
The Planning and Budget team seeks to partner with all schools and centers to provide support and guidance around business strategies based on a holistic understanding of University goals and best practices to inform decision making. We are committed to providing the below services with a focus on financial stewardship and amplified analytical capacity across the University with an intentional emphasis on improving efficiencies.
Services
- Budget Formulation: Responsible for integrating the planning and budget process to develop and implement the University’s annual operating and capital budget and five-year financial plan aligned with University strategic priorities utilizing a Responsibility Center Management (RCM) budgeting model.
- Quarterly Reforecasting: Provide quarterly financial monitoring and analysis of actual results against the budget and forecast at a divisional and consolidated level to track and report on financial performance.
- Financial Analysis: Collaborate with divisions and various finance colleagues to model comprehensive and integrated plans to illustrate the financial feasibility of various initiatives and investments over time.
- Capital Planning: Work closely with finance and divisional leadership to evaluate the feasibility of individual capital project proposals, and establish sound business plans to ensure optimal financial impact of the investment.
- Budget System Maintenance and Enhancements: Partner with finance professionals across the campus to determine stakeholder needs, coordinating with IT to implement or update software functionality based on prioritized need assessments.
- Training: Develop and deliver training to provide stakeholders with tools and approaches to maximize analytical capacity and effectiveness.
- Innovation and Business Process Improvement: Proactively analyze current business processes and stakeholder challenges to make informed recommendations for process and software enhancements to increase efficiency and productivity.