Preparation of Consolidated Balance Sheet, Profit Loss Statement, Cash Flow and all Notes



Initiative TitlePreparation of Consolidated Balance Sheet, Profit Loss Statement, Cash Flow and all Notes
Submitted in Previous Year(s)No
Critical Information, Notes, Justification, Rationale

Provide the auditors next year with completed Financial Statements, and notes.

Consequences of this initiative not being funded

To meet normal standards of accounting that other higher ed institutions and companies do regularly.

Department GoalsImprove Business Office Functionality
Programs
LocationsMain Campus
Estimated Completion Date
Will this initiative span multiple budget years?No
ImportanceHigh
Funding Source
Created11/29/2016 3:08 pm
Updated12/16/2016 9:13 am

Institutional Goals

Goal How will the initiative support this institutional goal?
To be able to compile this report whenever needed.

Action Steps

Action Step Responsible Party Order
Work with IT to create Consolidated Balance Sheet and Profit and Loss Statement Agnes Wagner and IT 1
Validate that the curent grouping college is using per report line are accurate Agnes Wagner who will incorporate Linda's feedback 2
Test to make sure Balance Sheet and Profit and Loss Statement are accurate (Assets = Liabilities + Net Assets) Agnes Wagner 3
Feedback to IT that the Reports is Completed Agnes Wagner 4

Expected Outcomes

Outcome Order
Completed Financial Statements and Notes 1

Assessment Methods

Method Description Other Method Responsible Party
Other Enter other assessment method Both Reports can be produced at will. Agnes Wagner

Resources

INITIAL YEAR COST: $0.00
RECURRING COST: $0.00

Equipment

Need Cost (Initial/Recurring) Supporting Departments
TOTAL: $0.00 / $0.00

Facility

Need Cost (Initial/Recurring) Supporting Departments
TOTAL: $0.00 / $0.00

Supply

Need Cost (Initial/Recurring) Supporting Departments
TOTAL: $0.00 / $0.00

Staffing

Need Cost (Initial/Recurring) Supporting Departments
TOTAL: $0.00 / $0.00

Training

Need Cost (Initial/Recurring) Supporting Departments
TOTAL: $0.00 / $0.00

Marketing

Need Cost (Initial/Recurring) Supporting Departments
TOTAL: $0.00 / $0.00

Other

Need Cost (Initial/Recurring) Supporting Departments
No Cost just employee time $0.00
  • Information Technology, CIO Office
TOTAL: $0.00 / $0.00

Prioritization

This is initiative is ready for prioritization.

Assessment

DateDepartment NameStatusCost to DateFunding Source 
No results found.