Benefit Rates, Position and GRA Funding, Budget Planning System (Workday Planning), Hiring Faculty Approvals (HFA), Budget Errors, and more.
The University’s fiscal year begins on July 1st and ends on June 30th. The annual budget for fiscal year controlled funds is prepared using Workday Planning (WP). WP can manage position and compensation information a well as Financial Planning (FINPLN) information. The compensation totals feed to the FINPLN application which is used to project an all funds budget of revenue and total expenditures. This planning occurs at the chartfield level within each college/school/divisions.