News & Annoucements
The F&A Distribution Process has changed!
Per the March 24, 2015, email to the Business Officers Council, the decision has been made to return the 64% of F&A distributed to the new projects in FY15 back to the traditional allocation to reflect "business as usual" in the Integrated system in March 2015. Therefore, the new revenue projects for 64% should now have an ending balance of zero.
The 64% F&A will continue to be distributed to the central units through June 30, 2015.
To see the new distribution percentages for FY2015, click on the link Distribution Percents.html.
April 2015 F&A Reports are Available
The April 2015 F&A reports are available on the F&A web page at: http://www.virginia.edu/finance/finanalysis/overhead.html
The “Reports MMM-YY.xls” files in this website have been modified to reflect the additional F&A distribution in a separate tab, labeled “Formerly Central F&A to Schools”. The format for the new tab contains the same subtotal structure as the Dept Dist and Deans Dist tabs that have been available for years.
There are changes on the Dist tab, as well. The previous table still exists at the top, but only the central distribution for State Total exists for the UVa Wise data. The other rows show the totals for Formerly Central F&A to Schools Total, Dept Total, and Deans Total.
A new table provides the summary by school of the distributed amounts.
As the reports are transitioning as we move to the University Financial Model, we would appreciate any feedback for refining the presentation.
FA Award Installment Adjustments
The FY14 FA award installments have been adjusted to account for the F&A earned through June 2014.
The initial installments for FY15 have not yet been entered, but we anticipate input will be completed in the next few weeks.
If you have any questions, please contact ph: 4-8928 or ph: 2-2373.