DAICR continuing budget allocation shift
Over the last year, the Campus Controller鈥檚 Office has been collaborating with our campus partners. Through a working group committee and presentations for groups such as Tuesday Talks and the Finance Leaders Council, we have discussed transparency and reporting around departmental administration indirect cost recovery (DAICR).
We have gathered and considered your feedback and beginning in FY23, will be shifting the DAICR continuing budget allocation from fund 10 to fund 11. This change will allow for greater transparency and will streamline reporting efforts.
How do we plan to assist departments with this transition?
- Checklist: We will prepare and distribute a checklist for the conversion that will include:
- reminders on how to set up the new speedtypes,
- steps to take to get any existing payroll or POs moved to the new speedtype,
- and other considerations such as default speedtypes for procurement cards, petty cash funds, etc.
- Office hours: We will be setting up office hours in the coming months for folks to ask questions and get help with the process.
- One-on-one opportunities: We anticipate one of the more in-depth items that will need to be sorted out are those departments that have moved off good portions of their continuing budget to other funds 10s. If anyone finds they could use some more personalized meetings beyond the office hours, we鈥檒l gladly get those scheduled too.
When will fund 11s be fully set up?
We are aiming to have all the fund 11s set up by the end of July so they are ready for the FY23 activity shift, so anticipate the scheduled office hours between now and then.
If you鈥檇 like to start preparing for this transition, you can review the current DAICR speedtypes that you have and determine which ones still need to be active.