The Arts Finance Office is responsible for the financial management of the Faculty, ensuring that resources align with its strategic focus and mission. The Office offers support and guidance to units in the Faculty.
The Office continues to work on the Monthly APB (Analysis, Planning, and Budget) Trend forecasts which is replacing the once-a-year process (former FBM and BPX process). The forecast is for Fiscal Year 19, Period 9 for 1A through 1F funds. Over the next few months, Units may receive questions from our office and we ask for your collaboration in replying to us.
Please be reminded of the following deadlines for the Budget Process
|January 16, 2019 at 1:30 p.m.||Budget Process Kick‐Off meeting with FFOs|
|January 25, 2019 at 5:00 p.m.||Deadline for units to communicate any changes in fund/org/pot structure as well as changes to pot signing authority and pot administrator (max 4) to APB (melanie.pepin [at] mcgill.ca)|
|January 31, 2019 at 5:00 p.m.|| |
Deadline for PERM budget transfers & set‐up of PERM budget for Salary
Deadline for units to give feedback on the anticipated FY2019 allocations included in your APB Trend Forecast for period 8.
|February 21, 2019||APB will distribute FY2020 1A budgets to Units for validation|
|February 28, 2019||Units to give feedback on FY2020 1A budgets and submit 1B to 1F overall revenue and expense expectations|
|March 1, 2019||Launch of the FY2020 Budget Distribution|
|March 31, 2019||FY2020 Budget Distribution completed and signed off|
|May 1, 2019||Loading of the FY2020 Budget Distribution|
Please note temporary budget transfers for FY2019 will continue to be processed up until the Finance year‐end (April 30, 2019), thus ensuring an appropriate budget carry forward or reserve amount for FY2020.