New Financial Activity Reports Available December 23-Register for Training Today

Published: December 14th, 2005

Category: Memos

Jimmy Cheek, Senior Vice President for Agriculture and Natural Resources and Ed Poppell, Vice President for Finance and Administration

To provide UF managers with useful and readily available financial information and to assist departments in reconciling their financial data, we are pleased to introduce a series of reports designed by UF Bridges-working with staff from Finance and Accounting and other members of the university community. These new reports, combined with guidelines provided by Finance and Accounting, will streamline the reconciliation process and help department fiscal managers verify financial activity.

The new reports will include:

*Monthly Financial Summary (Appropriations and Cash)
*Transaction Detail
*Payroll Cost Distributions
*Projected Payroll Cost Distributions
*Open Encumbrance
*KK to GL Summary Comparison

Finance and Accounting, in collaboration with Training and Organizational Development, will be providing training sessions to assist departments in learning more about the reports and the business practices surrounding their use.

Overview sessions will begin in January and are designed to give a thorough explanation of the new financial activity reports and business guidelines. It is expected that department and fiscal administrators who will use the reports in their jobs will attend an overview session. Additionally, each overview session will begin with an “executive summary,” which may be appropriate for UF executives who are interested in learning more without attending the entire overview session. To register for the overview sessions, including the “executive summary,” please visit Interested employees are asked to register for the “Department Reconciliation Overview” session (course number PST 131).

For employees who want or need additional training after they have attended an overview session, hands-on training also will be available. Some general hands-on sessions have been made available for registration; however, these hands-on sessions also are available at the college-level upon request. A “Train the Trainer” session will be held on January 26 for those college representatives who wish to conduct the hands-on sessions in their environment. Please contact Training and Organizational Development at for more information about the “Train the Trainer” session or to arrange a college-level workshop.

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