Department-Level Report Information Available for Chairs/Directors and DAs

In response to multiple department requests, the SRAS created a report to provide monthly department-level information for chairs/directors and department administrators pertaining to grant budgeted funds vs. actual expensed funds. The report uses information from BW (the reporting tool for the University’s financial system) to establish a burn rate to estimate how each grant is expensing and will expense over the course of the grant life. This report also provides projections for spending including how many months the grant has left based on the current burn rate and the number of months of available funds past the current budget period. These reports are available to anyone that has access to the College of Medicine Finance SharePoint site. They are filed by department, along with the monthly cost center reports.  If any chair/director or administrator would like assistance with accessing these reports, or has questions upon reviewing them, please contact Bill Barr, Sandra Holley, or Gina Vessels.