Departments with sponsored project activity: check out the new Cognos Reporting System folder, Finance > Project Reports. And in particular, check out the newest addition to that folder, m-Fin PROJECT FINANCIAL STATUS.
This report is getting great reviews from faculty and staff who love its project-only focus and comprehensive scope. It’s similar to the popular m-Fin OPERATING SUMMARY but was designed (and runs) exclusively for projects.
Notes one fan, “… a great report for PIs … complete with a graph.” The report includes area charts, showing expenditures as an area and budget as a line.
Comments another user: “… a truly one-stop shop report.” The m-Fin PROJECT FINANCIAL STATUS report can be run for an org and for one project at a time. It provides summary expenditures (salary, benefits, operating, travel, F&A); optional cumulative expenditures (highlighting activity booked after project end date); assets and liabilities (if requested); and salary, wages, and benefits (all people paid by the project – if requested).
And, of course: It includes an available balance summary – with the attention-getting red stop sign if available balance is negative. And it can run all projects for a specific PI.
To learn more about this and other project-valuable reports, plan to attend our Continuing Professional Education (CPE) course, Cognos: Grants and Contracts. The first offering of this new course will be April 10 (registration opens in mid-March): https://content.cu.edu/controller/cpe/?page_id=1504.
The OUC is very pleased to introduce Bob Loosley as our new Director of Tax. Bob’s first day at CU is Mon, Feb 24. He is a licensed CPA with a Bachelor’s degree in accounting and a Master’s degree in taxation and he has spent over a decade as the Tax & Accounts Payable Manager for Colorado State University.
At CSU, Bob developed extensive experience in payroll benefits and employment tax matters; higher education tax management issues (including unrelated business income tax); departmental compliance with IRS reporting requirements (including successful navigation of actual IRS audits); development/delivery of training programs; preparation/delivery of upper management reports; and, actions and recommendations to minimize the tax, penalty, and interest liability of the University.
Bob succeeds Gail Blandford, who retires this month after serving as CU’s Tax Director for over 16 years. We thank Gail for her service … and welcome Bob to the OUC and to CU.
What have you done to make your office work better?
At UCCS, Cynthia Norton and Ron Honn not only made things better, they made things safer. They developed their Laboratory Registration Program as a process for collecting critical information about campus lab-type environments. The program covers traditional research and teaching labs in biology, chemistry, physics, and engineering … photo labs … art studios … shops … theatre space … and more. Among many benefits, it has helped identify staff training needs and created a database for emergency responders.
Cynthia and Ron submitted their best practices idea to the CU Shared Practices (CUSP) Program last year – so that others could think about different ways to mitigate chemical or physical hazards on campus.
This year could be your turn to share: Tell us about your great ideas put in practice. The CUSP Program is accepting submissions for 2014 through April 30 at https://content.cu.edu/controller/initiatives/cusp/.
As mentioned in an earlier news post, the OUC is creating an innovative way for interested individuals to understand the information provided in the 2013 Annual Report.
“Behind the Numbers” – an Addendum to the Annual Financial Report – will soon be available online. The Addendum will offer an interactive web experience with color graphs and plain talk.
Non-accountants, take note: The Addendum was developed with you in mind. (Accountants: You’re welcome to visit, too.) Look for an announcement soon …
The PeopleSoft HCM/Finance 9.2 Upgrade Project has begun. And when it goes live – in November 2015 – it will improve a number of business processes in the areas of human resources and financial management.
With the upgrade, you can look forward to new online forms and approval flows to provide more efficient options than today’s paper- and email-based processes. You’ll be able to use online attachment mechanisms to enhance journal entry, asset management, and accounts receivable activities. In addition, you’ll benefit from new analytical capabilities, like real-time functional tools and dashboards.
Whether you’re interested in overall project news … or just want to focus on Finance … you can stay current through the upgrade project website. Go to http://cu-peoplesoft-upgrade.com/ to catch up on articles posted to date – and sign up to receive notifications of new posts by email.