Our Fiscal Year begins July 1st. The budget must always balance. In March we submit the budget for the coming year and a forecast for the end of the current year with necessary budget adjustments. In November we submit a forecast for the current year with necessary budget adjustments. This suits our seasonal/cyclical trends for revenues and expenses. We also use annually adjusted monthly benchmarks for revenue and track expense lines against original budget. I am not the finance director but oversee budgets for earned revenue, program grants and program endowments.
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Robert Gutowski
Director of Public Programs
Morris Arboretum of the University of Pennsylvania
Philadelphia PA
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Original Message:
Sent: 08-18-2015 01:48 PM
From: Martin Fisher
Subject: Budget adjustment?
This is a question for your finance directors... does your center do a
mid-year adjustment to your Budget?
Thanks,
Martin
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Martin Fisher
Director
Science Central
Fort Wayne IN
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