2015-2016 BUDGET PRESENTATIONSCHOOL OF MEDICINE

BUSINESS OFFICE TRAINING

AGENDA• BUDGET ASSUMPTIONS & CHANGES• BUDGET INFORMATION BEING SENT OUT• BUGET INFORMATION SUBMITTED• QUESTIONS????

BUDGET ASSUMPTIONS & CHANGES

• 1. GRA will be same as last year.a. State is using CPI of .8%b. SOM requested 1.0% increase on years

3-6 and .8% on years 1- 2• 2. With revenue flat expenses will also have to be

flat.• 3. Will budget for raises but don’t know if they

will be given.• 4. Budget Model may change.

BUDGET ASSUMPTIONS & CHANGES

• 5. We are going to combine Salary and Expense DeptID’s into the current Salary DeptID.

• 6. As last year you will only budget for non-salary expenses. Will only send out operating funds. RIF & Startup Funds will be different.

• 7. Must be turned into the Business Office by February 20.

• 8. Call Becky or Mark if you need help.

QUESTIONS ????