Finance & Budget Planning
In years prior to FY13, departments received funding based on the F&A in their grant accounts from the prior fiscal year. For FY13 the Dean's Office moved to match the time period of the returns processed as part of the All Funds Budget policies.
As a result, in June 2013 departments received funding based on the F&A in their grant accounts from all of FY12 and the first three quarters of FY13. In FY14 departments should expect to receive funding based on the F&A in their grants from the fourth quarter of FY13 and the first three quarters of FY14. If you have any questions about your F&A return, please contact Jason DiPaolo.
Also in FY14 the Dean's Office plans to process transfers during the year to avoid making departments wait until the last days of the fiscal year to receive funding in their accounts. More information will be communicated later in the first quarter of FY14.