transcript
- Slide 1
- Slide 2
- Building a Better Budget FY 2011 Workshop An ICASS Service
Center Presentation 1
- Slide 3
- TOPICS Highlights of FY 2011 Scorecard Elements VAT (sub-object
4161 and 4163) Comparison of Financial Plan to Actuals Carryover
and Recoveries Funds Depreciation/Additional Capitalization Costs
2
- Slide 4
- Comparison of Scorecard As 2008 Final 2010 Final AF - 40 EAP -
19 EUR - IO - 39 NEA - 12 SCA - 11 WHA 22 Totals - 143 AF - 40 EAP
- 19 EUR - IO - 39 NEA - 12 SCA - 11 WHA 22 Totals - 143 AF - 29
EAP - 14 EUR - IO 39 NEA - 10 SCA - 5 WHA - 26 Totals - 123 AF - 29
EAP - 14 EUR - IO 39 NEA - 10 SCA - 5 WHA - 26 Totals - 123 3
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- 4
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- Highlights of FY 2011 Scorecard Elements NEW: Budgeting by Cost
Center Top Three Unfunded Priorities Accounts & Records in FM
Services (Lite) REVISED:Detailed Comments in BSW Costs under
Selected Sub-Objects Financial Summary and Key Issues Cost Savings
Initiatives 5
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- New Scorecard Element Budgeting by Cost Center In the OBI
6
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- Budgeting by Cost Center: It Makes Cost (Time) Allocation
Easier 7
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- New Scorecard Element Top Three Unfunded Priorities Provide a
justification for the item Provide an impact statement if post does
not receive funds Identify each item with the U.S dollar cost Note:
Unfunded items must be included in post requirements and identified
by sub-object code(s). If no unfunded priorities, state so. 8
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- Top Three Unfunded Priorities Reporting Exercise 9
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- Show Your Unfunded Items Like This! 10
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- Show Your Unfunded Items Like This! 11
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- New Scorecard Element Accounts & Records Factor Group Note:
Non-Serviced agencies should not have Accounts & Records counts
in 6225 or 6221. 12
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- How to Handle Comments Format Sub-Objects: 2552, 2589, 2699,
3141 13
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- ARE WE DOING BETTER? 14
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- Financial Summary and Key Issues In this section, post must
address LE Staff wages and the impact of growth on posts
operations. 15
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- Cost Savings Initiatives Comment on at least one prior year
cost savings initiative and its impact on post operations. Identify
cost savings measures with anticipated (estimated or actual) U.S.
dollar savings. If post has no cost savings initiatives, state:
"This post has no cost savings initiatives for FY 2011". 16
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- Value Added Tax (VAT) Two sub-objects for VAT 4161: Value Added
Taxes Refundable 4163: Value Added Taxes Non-refundable Starting FY
2011, post must separate receivable VAT from non-receivable VAT No
changes to the existing accounting instructions for recording VAT
Ref: State 088236 (Aug. 23, 2010) and State 102459 (Oct. 1, 2010)
17
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- Budget Techniques for VAT OBI 18
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- Refundable VAT in the BSW 19 SCENARIO #1 SCENARIO #2
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- Non-Refundable VAT in the BSW
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- Compare Prior Year Fin Plan to Actuals 9/30/10 Actuals $175,000
$27,800 $69,950 21
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- Carryover and Recoveries ICASS Overseas Hierarchy Restructure
(FY 2010) Unique overseas ICASS allotments: 5XXX: Traditional
Bureau 1XXX : DS 2XXX: OBO Continue tracking FY 2009 (and prior
year) funds based on funding categories 22
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- Depreciation of Capital Assets Why budget for depreciation?
1.Required by Working Capital Fund. 2.Reviewed by Regional bureaus
to monitor and justify post funding needs. Update the Depreciation
Schedule information in the Initial and Final Requirements stages
for this to be applied to the OBI. 23
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- Budgeting for Depreciation and Additional Capitalization Costs
24
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- 25 QUESTIONS?