HELPFUL TOOLS: FYE Carryforward & Projected Expense Tracker

Wed, 20 May 2020 13:23:03 -0400

Good Afternoon AAOU SSC Departments,

The AAOU SSC has developed a Fiscal Year End Carryforward and Projected Expense Tracking Sheet for departments optional use moving forward.

Per guidance from the Central Budget Office, departments should not budget for the use of carryforward in their working budget files, since carryforward amounts are not guaranteed, and you will not have your carryforward information until after the start of the new fiscal year.

This tool is to aid departments in planning for the use of carryforward, and tracking actuals internally since it can not be tracked in the working budget file. This tool may be used for each fiscal year moving forward, starting with FY21.

Please keep in mind we have not been notified of what impact(s) COVID-19 may have on the FY21 budget and/or FY20 carryforward, so this it only to be used as a projection tool until you have received confirmation of your true carryforward balance.

The attached tool has an "Instructions" tab and an "Example" tab to assist you with how to utilize the tracker. Please read the instructions and review the example prior to tracking your carryforward and associated expense for FY21 (which should be done using the "Tracker Template" tab of the tool).

The Fiscal Year End Carryforward and Projected Expense Tracking Sheet is also saved to our website under our AAOU SSC Department Resources page, for your convenience.

If you have any questions, or if you require any additional information, please do not hesitate to contact us.

Thank you,

AAOU SSC