Forecast
A forecast is a realistic estimate of the revenue and expenses for the rest of the year. Assumptions, activities and priorities may have changed since the 2022-2023 budget submission. The forecast seeks to capture those changes so the university has an updated financial projection to inform cash flow management, investment planning and strategic decision making.
All university faculties and support units will complete the second quarter (Q2) forecast. Units are required to estimate revenues and expenses for Q2 (July 2022 to September 2022), Q3 (October 2022 to December 2022) and Q4 (January 2023 to March 2023).
All units will complete the forecast using FAST Budget and Forecasting. The Dean of each faculty or VP of each support unit must approve and submit the forecast. Once the forecast is approved, finalize the submission by sending an email to Adam King and your financial analyst (copying the Dean/VP) stating that the forecast is approved.
The forecast for Q2 must be completed in FAST Budget and Forecasting by September 30 at 4 p.m.
The forecast for Q3 must be completed in FAST Budget and Forecasting by December 9th at 4 p.m.