| Initiative Title | Preparation 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 Goals | Improve Business Office Functionality |
|---|
| Programs | |
|---|
| Locations | Main Campus |
|---|
| Estimated Completion Date | |
|---|
| Will this initiative span multiple budget years? | No |
|---|
| Importance | High |
|---|
| Funding Source | |
|---|
| Created | 11/29/2016 3:08 pm |
|---|
| Updated | 12/16/2016 9:13 am |
|---|
Institutional Goals
| Goal |
How will the initiative support this institutional goal? |
- STRATEGIC PLAN 2015-2020
- PRIORITY IV: Efficient and Effective Operations: We will anticipate and adapt to changing economic realities while maintaining the infrastructure and resources necessary to foster innovation and develop & deliver high quality programs and services.
- d: Foster a collective commitment to comprehensive planning, assessment, and prioritization to ensure institutional effectiveness.
|
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
| Date | Department Name | Status | Cost to Date | Funding Source | |
| No results found. |