Fiscal Year 08-09 Self-Supporting Units Budget Turnaround Guidelines

 

FY 08-09 Budget Turnaround for self-supporting operations spreadsheets are due back to your department’s final approver prior to the submission deadline of December 14, 2007.

 

Finalized spreadsheets must be sent to bta@udel.edu by your department’s final approver.

 

If you encounter any problems with the spreadsheets or have any questions, please call or email your Budget Analyst in the Budget Office (x1234).  We need to be aware of any problems or concerns and welcome your questions.

 

Adjust the “FY09 Proposed Budget” column to reflect the requested budget for FY08-09.  The budget change will automatically calculate.  All changes must be accompanied by an explanation in the “Comment” column.  Comments are required for major changes in the budget or when actuals are completely different from the budget.  Spreadsheets will be returned if comments are inadequate.

 

Individual revenue PS accounts MUST be rounded to the nearest $100.

 

Benefit calculations are provided based on FY 08-09 budgeted salaries at the appropriate rate of 36%, 55%, 8%, or 6% in columns W, X, Y, and Z.  These columns will recalculate if you update salary numbers.  The 6% benefit rate is calculated on graduate student PS accounts 122300, 122500, 122600 and 122800.  Once you have completed all of your budget adjustments, the benefit numbers in the “FY09 Proposed Budget” column must equal the grand totals in the “Total Calculated Benefits” columns.

 

If you add a new salary PS account (by adding a new row), the “Total Calculated Benefit” columns will not update.  A manual calculation for benefits will be required.

 

Budget the allocation/balancing purpose at an amount other than $0.  The allocation/balancing purpose is the last purpose on the budget turnaround spreadsheet.

 

The “FY09 Proposed Budget” Grand Total must equal $0.

 

Below are your base assumptions when completing the self-supporting budget turnaround spreadsheets, which are due back approved to the Budget Office no later than December 14, 2007.

 

 

SALARY INCREASE POOL                                                                                   1.0%

 

SUPPORT FUND INCREASES                                                                               2%

 

BENEFIT RATES (revised 4/10/07)                                                                          36%, 55%, 8%, 6%

 

UTILITIES INCREASE                                                                                            3.0%

(Given the uncertain energy situation, this is subject to change)

 

POSTAGE                                                                                                                  2.0%

 

PHONES

Service and Equipment                                                                                               NO CHANGE

Long Distance Rates                                                                                                  NO CHANGE

 

ALL OTHER INTERNAL CHARGES                                                                    2 – 3%

 

TEMPORARY INVESTMENT RATE                                                                     4.0%

 

 

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