Management Accounts
Monthly Budget Reports

Budget reports are produced, either by the Faculty Accountant or the Faculty, to aid Deans and Directors to manage the budgets they are responsible for. Deans and Directors are responsible for the economic, effective and efficient use of resources allocated to them.

Deans and Directors are expected to provide information to enable a forecast outturn to be predicted for their area.

It is the responsibility of each Dean/Director to remain within their overall cash limit and in turn it is the responsibility of each School/Unit to remain within the budget. Actual expenditure should be monitored against budget on a monthly basis and a record kept to show that this check has been performed (e.g. budget report noted at Faculty Executive Meeting).

Reports comparing budget to actual and showing forecasts are produced each month for Faculties and Departments. The reports will be issued by the 6^th working day of the next month.

Additional specific ad-hoc or regular reports can be produced, please, make requests to your Faculty Accountant. Ideas to improve monthly budget reports are welcome and can be discussed with your Faculty Accountant.

Research Grant Statement Reports

Principle Investigators should monitor Research Grant Statement reports on a monthly basis. Reports are produced from the Impromptu report writing tool, and can be obtained through the appropriate Faculty Office. If there are any concerns regarding the report then the first point of contact is Max Morrow – Research Office Finance.

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