Second Quarter Forecast
I am writing to inform you the Second Quarter Confirmation process has begun. All academic and administrative departments are asked to submit a Fiscal 2018 second quarter budget confirmation. The Second Quarter Confirmation process is intended to capture an itemized, concise summary of material net budget variances and the reasons for these forecast changes.
It is very important that any variance anticipated to continue into FY2019 be identified and noted as such in your explanation. Any adjustments requested as recurring should be accompanied by a separate memo detailing the variance and the reason for the continuing item and the impact to your previously submitted FY2019 Stage I budget.
FY2018 2nd Quarter Confirmation– Due Tuesday, January 23rd
- IP will be available for input on January 2nd. Instructions for the IP tool are located on the Budget website.
- All memos and supporting documentation should be returned via e-mail to firstname.lastname@example.org.
- If you have no material variances to report please submit an email confirming you have no variances to report at this time to email@example.com.
- Line item variances that do not contribute to the total income or total expense variance can be adjusted via the Budget Realignment Template.
Through the review of both the favorable and unfavorable issues incorporated into this confirmation, revisions to the Fiscal 2018 budget and the Fiscal 2019 planning budget will be made as required.
Please feel free to contact your Budget Analyst directly for assistance or guidance with this process.
Associate Vice President for Budget and Planning