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IFR Budget Requests 2020-2021

Instructions

The IFR Budget Request Form has been simplified for the Fiscal Year 20/21. The template provided requires the budget holders to complete a form for EACH IFR Account. Budget holders will upload the required summary data using the data submission form below and upload the template file prior to clicking the "Submit" button. 

Download the IFR Budget Request Template

Please follow the steps to complete this form:

  1. Complete the cells for Vice President, Account Holder, Account Name, and the Account Number.
  2. Login to Business Intelligence (BI) to review the cash balance, and estimate the beginning cash balance on July 1, 2020. 
  3. In BI, the Budget Holder will click on to the “Account Summary” dashboard, enter the “Account number”, change the Fiscal Year, as necessary, and click “Apply”. From BI, Budget holders will review their current cash balance and must estimate the final expenditures for Fiscal Year 2019/20 to calculate an “Expected Cash Balance-FY Beginning”. 
  4. List the expected Revenue Sources for FY 20-21, and the anticipated amount of revenue for each source. (Administrative Overheads will automatically calculate and provide a Net Revenue amount).

For the following steps, please enter the Projected Expenditures.

  1. For PSR – Non Instructional and Instructional, please contact the Business Affairs for the anticipated expenditure(s).
  2. List all Temporary Service – Regular.
  3. List Extra Service.
  4. For all Temporary Service.

OTPS will be estimated by major sub object classifications.

  1. List OTPS – Office, Maintenance, Academic Supplies
  2. List OTPS – Travel
  3. List OTPS – Service Contracts, Subscriptions, Advertising, Cell Phones
  4. List OTPS New Equipment Needs
  5. List Library Acquisitions Only
  6. For Construction Renovation or Repair Project

The Final Summary Tab, at the bottom of the form, will auto-populate.  The Expected Cash Balance FY End should show a positive balance.  If not, please prepare a plan to return the account to a positive cash state and discuss this plan with the VP for Business and Finance.

 

Submit your IFR Budget Request