Budget and Forecasting Part 2 In Year Forecasting

• Budget and Forecasting Part 2: In Year Forecasting Multiyear Planning Rob Mc. Micking rob@mcsl. com Charles Lazenby charles@mcsl. com

Forecasting In Year Adjusted Budget Transfers Multiyear Planning New Optional Process

In Year Forecasting • Everyone manages Forecasts a little different. • There can only be 1 Active Forecast series, but there can be multiple Archived Forecast series. • Forecasting Reports are configured to support your method of forecasting.

Models for reporting a forecast • 5 baseline models for reporting • • • Monthly Actuals + Monthly Forecast Quarterly Actuals + Quarterly Forecast Monthly Actuals + Yearly Forecast YTD Actuals + Monthly Forecast YTD Actuals + Yearly Forecast • Other models as needed

Whats new In year • Added Fund Type and Acct Type filters to the Development and Budget Entry Mass Increase forms • Significant changes/updates to the Manage Budget Series and Manage Development Series forms: (4. 4. 03) • Budget Series Copy to Dev Series: Added "Copy Selected Periods" and "Select Spreading Models" • Budget Series Copy between Admin Series: Added "Copy Selected Periods" • Copy Dev Series: Added "Select Spreading Model" • Allow for Budget Transfers that only post to Development and NOT have to post to a Budget Admin series. This is a big change! If Config Setting 393 is set to Y, you can create a transfer against one or more Dev series ONLY, without a post to an actual budget series. Normal approvals are still required (4. 4. 04) PROCESS CHANGE

Forecast Demo

Multi Year Planning

Whats New Multiyear planning • Added the ability to define benefits by Effective Year within a Fiscal Year; this allows for the management of benefits with Multi-Year Development series. • We now allow for more than one future Dev series (called Multi Year Planning series) for a given effective year • Added a new report called "Invalid Coding Audit" that works for Development and Forecasting data. This report allows you to check in realtime based on effective date and will validate the coding in your Development/Forecast Series and will check and highlight any coding issues that exist

Globally whats new • Notifications and Communication Centre • Can add into BT • Manually Generate ie when you want to tell a Group a specific thing like when budgets are due • SMS texting – could text groups to inform about transfers, timing, access etc • Chat • New video format • Advanced Options enhancements

Questions ? Road Map • Enhance Benefit model to be Automated Charges • Allow for multiyear planning ie inflation • Charge on Charges? Ie inflation on a salary benefit

Shameless Plug • We are discussing on Thursday morning Tuition Enrolment and Revenue Projections, and how that data could flow into FLAC and also budgeting. • Come and share your thoughts • 9: 00 am Thursday in Crystal Ballroom