A message on behalf of the Director of Finance and Financial Sustainability Director
As we approach the mid-point of our financial year we need to ensure that we can achieve our budgeted result and will be performing the Quarter two (Q2) financial review. This work will be overseen by the Management Accounts and Business Partnering teams and they will be in touch with key budget contacts shortly to collect, review and assess your year-end forecasts, alongside their January month-end budget liaison work.
It is vital that the forecasts you provide us make a detailed, realistic assessment of the likely out-turn, so that we can have the confidence of our stakeholders that we can achieve our targeted result. Budget holders must apply a firm challenge against all spend to ensure it meets the criteria set out in our communications to the Senior Leaders’ Forum – that spend should only be incurred where absolutely necessary and budget holders should ensure a thorough review of measures to achieve the targeted budget reductions has taken place.
We appreciate this is challenging and our teams are there to support you with managing your budgets through these constraints. Your support is greatly appreciated and will go a long way towards seeing us through the one-off issues we face this year.
Please do contact the Management accounts team managementaccounts@kent.ac.uk and Business partnering team financebusinesspartnering@kent.ac.uk with any questions.