Heads of School/Department and Financial Administrators should have received / will soon be receiving detailed coded bottom-up budgets for their cost centre(s). These spreadsheets show direct income and expenditure budgets for 2015/16 at Agresso code level.
The budget is based on the prior year’s ‘roll forward’ budget (original budget plus any recurrent changes made during the year) with added inflation. Staff budgets are adjusted to match updated staff lists. Agreed ‘urgent’ planning round bids will be allocated as revised budgets.
Budget update memos have been included with the bottom-up budget containing explanatory information. The memoranda for this year are available to download below:
Budget Explanation for Academic Schools- July 2015
Budget Update for Central Departments – July 2015
The information in the bottom-up budget will be very helpful if you plan to work on any budget virements at the beginning of the new financial year. For more information on virements please see our virement FAQ.
The email also includes a savings plan template for you to discuss with your Budget Liaison in FPA. The next meeting to consider bids already received is on October 23rd and a savings plan will need to be agreed before any outstanding bids can be considered.