RAPID Decision: Improving Fund Ownership Visibility

As we reported in September, FST Governance groups recently took up consideration of a RAPID decision involving fund ownership visibility.  

The decision was, should UVA move away from the use of budgetary spending authority and instead, spending authority at the MBU level will be based on fund balance?

Get the details behind the decision in this post from September.

After the Governance review, the Leadership Council approved this change (spending authority based on fund balance) on September 27.   The FST Team is now working with the Office of Financial Planning & Analysis on a plan of communication, engagement, and training, to get UVA ready for this change. 

Watch the blog for more updates!