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2021 STAR Workshop #8 – Research Budget Management – Nov. 24, 2021

Session Description

November 24, 2021 @ 10:00 am - 11:30 am EST

Learn about best practices in research grant budget monitoring and management. Improve your knowledge of monitoring actuals versus budget and the different tools that can be used.  Discuss practical case studies with your peers to support your understanding of budget management in a research environment. 

Presenters

  • Donna Walker, Director, Research Financial Reporting & Audit, Division of the Vice-President, Research & Innovation (VPRI) 
  • Olga Ledeneva, Manager, Research Financial Reporting & Audit, VPRI
  • Tina Coccia, Director, Partnerships, VPRI
  • Amanda Pennings, Research Funding Officer, Research Services, VPRI
  • Rames Paramsothy, Senior Business Analyst - Training, FAST Team, Financial Services
  • Research grant administrators from academic units:
    • Mike Folinas, Director, Research Administration, Leslie Dan Faculty of Pharmacy
    • Jennifer Robinson, Research Grants & Partnerships Officer, Pharmacology & Toxicology
    • Danny Wen, Senior Research Accountant, Financial Services, UTSC

Workshop Materials & Resources

  1. Workshop slides (.pdf)
  2. Workshop recording (MS Stream)
  3. Case study
  4. ORF-RE Budget - case study reference
  5. FRed Fund 888888 - case study reference
  6. Transaction listing - case study reference
  7. Case study solution
  8. FIS reports used in research administration

Learning Objectives

  1. Understand how a budget is set up in the Administrative Management System (AMS)
  2. Understand the relationship between budget and actuals in financial reporting
  3. Identify and locate tools being used for budget management by departments & faculties

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