Fiscal Accountability Framework Initiative

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Project Recommendations

Background

The Fiscal Accountability Framework project deliverables represent the collective efforts of more than 100 OUS personnel over the period August 2001 to January 2002.  For current implementation status, see below.  For background project information that led to the creation of the deliverables, see http://www.ous.edu/cont-div/faf/background/.

• 2/15/02 - Final Project Report presented to the Budget & Finance Committee of the Board (view Board docket)
• 1/24/02 - Final Project Report presented to the Steering Committee of the Fiscal Accountability Framework project (view Steering Committee minutes)

Implementation Status

(Refer to the Final Project Report to see a more detailed description of the recommendations related to any of these items.)

• Managerial Reporting Implementation
• Documentation of Governance
• Process for Change
• Roles and Responsibilities of Functional Areas
• Project Recommendations:
  • Delegation of Student Financial Aid Responsibilities
  • Designated Operating Fund Carry-forwards
  • F&A Rate Negotiation
  • Positive Balances
  • Quasi-endowment IMD
  • Tax Identification Number
  • Treasury Management
  • Other Recommendations
• Other Work Group Issues