Higher Education Budgeting - Salary Request by Fund Example

    What is a  Salary Request by Fund ? Salary Request input forms with fund details are considered a component of employee expense planning models and are used by budget managers and HR to create budget requests by fund based on the department baseline budget. Some of the main functionality in this type of input form is that it automatically displays last year's actual results as well as the target adjustment. The users then enter their proposed % and/or amount increase or decrease. The far right amount column shows the total budget request. The rows list funds grouped by GL account. On the right side of the form, the users can enter comments to explain any significant information related to the request. You find an example of this type of input form below. Purpose of Salary Budget Request by Fund Models Universities and colleges use Salary Budget Request by Fund models to automate and simplify the budget entry of personnel related expenses with fund details. When used as part of good business practices in a Budgeting and Planning Department, a higher education institution can improve its planning process, and it can reduce the chances that users enter less accurate budgets due to lack of visibility to budget targets and historical information. Salary Budget Request by Fund Model Example Here is an example of a Salary Budget Request by Fund input template. [caption id="" align="alignnone" width="2560"] Higher Education Budgeting - Salary Request by Fund Example Higher Education Budgeting - Salary Request by Fund Example[/caption] You can find hundreds of additional examples here Who Uses This Type of Input form ? The typical users of this type of input form are: HR and Department Managers. Other Input form s Often Used in Conjunction with Salary Budget Request by Fund Models Progressive Budgeting and Planning departments sometimes use several different Salary Budget Request by Fund models, along with  payroll budgets, capex budgets, operating expense- and revenue templates and other management and control tools. Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from management systems or enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions. What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
    • Native ERP report writers and query tools
    • Spreadsheets (for example Microsoft Excel)
    • Corporate Performance Management (CPM) tools (for example Solver)
    • Dashboards (for example Microsoft Power BI and Tableau)
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