Budget and Risk Management

Budget and Risk Management Summary

  2015-16 Initial Budget
(A)		 2015-16 Revised Budget
(B)		 2015-16 Actuals
(C)		 2016-17 Initial Budget
(D)		 2015-16 Revised Budget to 2015-16 Actuals Variance
(B-C)		 2016-17 Initial Budget to 2015-16 Actuals Variance
(D-C)
Budget Administration 671,644 1,167,450 1,104,344 683,254 (63,106) (421,090)
Enterprise Risk Management 318,093 445,848 332,272 321,405 (113,576) (10,867)
             
Budget and Risk Management Total 989,737 1,613,298 1,436,616 1,004,659 (176,682) (431,957)

*Benefits are budgeted centrally and then allocated throughout the year. The benefit amount reflected in the 16-17 Budget Column is a projected figure.

Budget Administration Budget Detail

Expense Type Budget Category 2015-16 Initial Budget
(A)		 2015-16 Revised Budget
(B)		 2015-16 Actuals
(C)		 2016-17 Initial Budget
(D)		 2015-16 Revised Budget to 2015-16 Actuals Variance
(B-C)		 2016-17 Initial Budget to 2015-16 Actuals Variance
(D-C)
Revenues              
  General Fund Allocation - - - - - -
  Reimbursed Release Time - NR101 - - - - - -
  Indirect Cost Recovery - Overhead Distribution - - - - - -
Total Revenue Allocation   - - - - - -
               
Expenditures              
  Salaries 645,288 653,320 611,625 630,226 41,695 18,601
  Reimbursed Release Time - - - - - -
  Total Salaries and Reimbursed Release Time 645,288 653,320 611,625 630,226 41,695 18,601
               
  Operating Expenses 26,356 223,789 202,377 53,028 21,412 -149,349
Total Expenditures (not including Benefits)   671,644 877,109 814,003 683,254 63,106 -130,749
               
  Benefits* - 290,342 290,342 280,078 - -10,263
Total Expenditures and Benefits:   671,644 1,167,450 1,104,344 963,332 63,106 -141,012
               
Results of Operations              
  Transfers To - - - - - -
  Transfers From - - - - - -
  Total Funding Transfers To/(From) - - - - - -
               
Total Expenses and Funding Transfers   671,644 1,167,450 1,104,344 963,332 63,106 -141,012

*Benefits are budgeted centrally and then allocated throughout the year. The benefit amount reflected in the 16-17 Budget Column is a projected figure.

Enterprise Risk Management Budget Detail

Expense Type Budget Category 2015-16 Initial Budget
(A)		 2015-16 Revised Budget
(B)		 2015-16 Actuals
(C)		 2016-17 Initial Budget
(D)		 2015-16 Revised Budget to 2015-16 Actuals Variance
(B-C)		 2016-17 Initial Budget to 2015-16 Actuals Variance
(D-C)
Revenues              
  General Fund Allocation - - - - - -
  Reimbursed Release Time - NR101 - - - - - -
  Indirect Cost Recovery - Overhead Distribution - - - - - -
Total Revenue Allocation   - - - - - -
               
Expenditures              
  Salaries 252,766 271,185 212,406 270,144 58,779 57,738
  Reimbursed Release Time - - - - - -
  Total Salaries and Reimbursed Release Time 252,766 271,185 212,406 270,144 58,779 57,738
               
  Operating Expenses 65,327 80,449 25,653 51,261 54,796 25,608
Total Expenditures (not including Benefits)   318,093 351,634 238,058 321,405 113,576 83,346
               
  Benefits* - 94,214 94,214 93,852 - -362
Total Expenditures and Benefits:   318,093 445,848 332,272 415,257 113,576 82,985
               
Results of Operations              
  Transfers To - - - - - -
  Transfers From - - - - - -
  Total Funding Transfers To/(From) - - - - - -
               
Total Expenses and Funding Transfers   318,093 445,848 332,272 415,257 113,576 82,985

*Benefits are budgeted centrally and then allocated throughout the year. The benefit amount reflected in the 16-17 Budget Column is a projected figure.