MEMORANDUM

   

March 10, 2008

 

To:      Members of the Comprehensive Financial Monitoring Task Force 

From:  Susan Olds  

Re:      December Financial Status Report

The December FSR is now available for viewing Financial Status Report, printing (December FSR) or downloading at Excel format.   This report includes updates to the operating budget, headcount actuals and revenue condition through mid-January.   

Featured in this document is a summary of the Department's first fiscal analysis.  Expenditure projections have been compared to an adjusted budget which includes pending October and January Plan adjustments and anticipated revenues.  On an overall basis, the analysis results in a preliminary deficit of ($8.1) million.  The Department will continue to refine these expenditure projections for presentation in the March FSR.            

            Thank you.

     c: Joel I. Klein                                                                                           Chancellor's Senior Staff                                                                                   Division of Budget Operations and Review Senior Staff
 
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