Guidelines for Non-Personnel Expense Contingency Management

Explore the process and guidelines for managing Non-Personnel Expense (NPE) contingency in fiscal year 2022. Learn about the release process, usage forecasting, and budget considerations for schools/units. Understand the criteria for releasing NPE contingency, forecasting scenarios, and implications of over or under budget forecasts.

• Expense management
• Contingency release
• Fiscal year 2022
• Budget forecasting
• Financial projections

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Uploaded on Sep 14, 2024 | 0 Views

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1. Q1 Non-Personnel Expense Contingency 0

2. Non-Personnel Expense Contingency Release Process Release of contingency will be considered quarterly during the FY 2022 forecast process The decision to release some or all of each school/unit contingency will be based on the following: University financial performance Need to maintain regular University operations Connection to strategic priorities Overall size of contingency relative to budget Schools/units will be notified regarding the timing and amount of any contingency available for release Does not need to be requested by school/unit Will be released on an individual school/unit basis Accurate quarterly financial projections are crucial for ability to release NPE contingency 1

3. Q1 Non-Personnel Expense Contingency Guidelines At this time, NPE contingency has not been released for any school/unit You may choose to include some or all of NPE contingency usage in your forecast If you choose to forecast use of contingency, please only forecast up to (but not over) your NPE contingency budget on the Non-personnel Exp. (Budget) line Do not allocate planned use of contingency to other account codes at this time Please be prepared to discuss planned use of contingency with your budget analyst during the quarterly forecast review 2

4. On budget forecast and full use of NPE contingency Unit forecasts on-budget forecast for FY22, with full use of NPE contingency Use of contingency is forecast only on the Non-personnel Exp. (Budget) line 3

5. Under budget forecast and no use of NPE contingency Unit forecasts under budget forecast for FY22, without needing to use NPE contingency 4

6. Over budget forecast and full use of NPE contingency Unit forecasts over budget forecast for FY22, with full use of NPE contingency Do not double-count contingency expense on both the non-personnel exp (budget) line and an NPE expense line 5