The Office of Financial Planning & Analysis (FP&A) projects, allocates and manages the central resources available for operating and capital expenditures. FP&A partners with schools and units to guide the budgetary process. Their aim is to provide financial planning that informs executive management decision making and the strategic planning process.
FP&A budget analysts provide a team-oriented service to schools and units, focusing on anticipating needs, giving appropriate guidance, and providing accurate and timely information. Recently FP&A partnered with CACS and EA-ITS SIS Finance to build the “tuition and fee tool,” which has made the tuition and fee setting process much easier and more visible for all UVA entities.
FP&A also uses robust costing systems and tools to aid in the preparation and negotiation of federal F&A rates for sponsored projects and to provide critical analyses to executive management.
FP&A is currently conducting a fit-gap analysis in its pursuit of a new budget tool.