The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual...
Transcript of The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual...
![Page 1: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/1.jpg)
1
The Texas A&M University SystemAnnual Financial Reporting WebEx Meeting
• Welcome to the meeting
• The presentation will begin at 8:30am
• Sound checks will take place 5 and 10 minutes before the presentation begins
• Audio Tip: Difficulty with audio? Try calling instead of using computer audio
• All attendees are muted
• Use the Chat panel to submit questions during the presentation
![Page 2: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/2.jpg)
Day 3-Technical Updates• Good morning, welcome back to Day 3• FAMIS Team provide Production and Year-End Process Updates• SRS Billing Improvements, MAESTRO Reporting• Facilities & Administration• Business Objects• AFR Module • Closing Comments
2
![Page 3: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/3.jpg)
Questions from the Prior Day• We will reserve this time to review questions from the first 2 days
3
![Page 4: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/4.jpg)
Facilities & AdministrationTeresa Edwards, CPAControllerTexas A&M System Office
1
![Page 5: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/5.jpg)
Introduction• Purpose/Definition• Submit the Calculation to: DHHS Cognizant Agency• Frequency: F&A Calculation occurs every 3-4 years• Types of Calculations: Short Form Schools vs. Long Form Schools• Note Disclosure Requirements: DS-2-Defines accounting rules• TAMU-CT Base year will be 2020
2
Base Year 2021-4 Calculations: College Station based members, TAMUCC, TAMUT, and TAMUSA
![Page 6: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/6.jpg)
Purpose• When A&M members apply for grants there are direct costs
and indirect costsoDirect-cost of providing the grant, i.e. PI’s salaries, cost
needed to complete the testing..beakers, test strips, etc.oIndirect-utility cost in the lab space, depreciation on
equipment, administration team costs to pay bills, receive deposits…and sponsored research team needed to ensure we are incompliance with the grant requirements
• The federal government acknowledges indirect costs are important and allows each institution to calculate an indirect cost rate which will be used to recover for facilities and administration costs
3
![Page 7: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/7.jpg)
Polling Question #6• Have you ever worked with F&A (indirect cost rates) before?
a. Yesb. Noc. Not directly but indirectlyd. Not sure
4
![Page 8: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/8.jpg)
Define F&A Calculation• What is it?oIndirect (F&A) costs means those costs incurred for a common or
joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved.
oRates by Function: Organized Research, Instruction & Dept. Research, Other Sponsored Activities (all others not considered OR and Instruction), and Other Institutional Activities (bookstore, dining hall)
5
![Page 9: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/9.jpg)
Location & Calculation for IDC Recoveries• Rates by Location: oOn-Campus-facilities are owned by the member, oOff-Campus-facilities not owned by the member AND rent is directly allocated to
the project (rates are lower since the facility costs are removed)
• Indirect Cost Calculation: A Base Amount is determined by adding together all direct costs (-) minus any items which are exempt from IDC costs (Base Amount) x (Indirect Cost Rate) = Total Indirect Costs Recoveries
6
![Page 10: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/10.jpg)
Developing the Calculation• Formula: Facilities Costs plus Administration Costs divided by
Modified Total Direct Costs (MTDC) (for each type of program: Organized Research, Instruction, Other Sponsored Activities)oFacilities Costs-building/equipment depreciation, Operation and Maintenance
costs, library, interest on debt for buildingsoAdministration Costs-salaries of administrators, departmental accounting,
sponsored research experts…capped at 26%oMTDC-salaries, benefits, materials/supplies, services, travel, sub-grants first
$25koExcluded costs: capital equipment, sub-grants>first $25k, rent of off-site
facilities, scholarships, fellowships
7
Facilities + Administration
MTDC
![Page 11: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/11.jpg)
Formula• Numerator: Facilities Costs Plus Administration Costs (allocated to
federal programs using a defined methodology)oTotal facility costs and allowed administration costs multiplied percentages of
square footage, FTE, and/or lab space (space survey completed)
• Denominator: All MTDC Costs(defined on the accounts)oDerived from the NACUBO function or the effort codeFor Research use Direct Organized Research and Cost Share Organized Research or Instruction use Direct Instruction, Cost Share Instruction, Direct Departmental
ResearchFor Other Sponsored Activities use Direct Other Sponsored Activities, Cost Share
Other Sponsored Activities
8
![Page 12: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/12.jpg)
Non-CRIS Software Member: Focus on Function Code =15 Research
9
![Page 13: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/13.jpg)
CRIS Software Member: Focus on Effort Code =DRES Organized Research
![Page 14: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/14.jpg)
CRIS Software Members • Currently we have 2 proposals calculated in the CRIS Software which is
supported through the Maximus firm• Monica Poehl and Tori Smejkal have worked with this software for several
years…work with the members and Jim Nolan• Jim Nolan from Federal Costing Concepts calculates the majority of the
proposals..Monica will download files after the AFR review is completed• College Station Based Memberso Also use the Space Software module to allocate facilities costs by using lab space
• PVAMUo Continue to use the S&W/function to allocated facilities costs
11
![Page 15: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/15.jpg)
Example and Unallowed Costs• TAMUCC Example: oFacilities Costs $3 million divided by $17 million 18%oAdmin Costs $9 million divided by $17 million 53%, capped at 26%oF&A Calculated (proposed) rate 44% (18+26); approved rate 37%
• Unallowed CostsoRemoved from the Numerator or Denominator…derived from the object codeoExcluded costs: capital equipment, sub-grants>first $25k, rent of off-site
facilities, scholarships, fellowships
12
![Page 16: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/16.jpg)
Accurate Coding• Coding of our Accounts is critical to the success of the F&A calculationoFunction=Restricted, Instruction, oEffort Code=Organized Research, Cost Share, Instruction, Other Sponsored
Activities
• Coding of object codes is criticaloObject Codes are included or excluded based upon the type of expenseoAutomatic Budget Rules (ABRs) are setup accuratelyoDepartments code vouchers accurately, Accounts Payable auditors approve the
object codes, grant team ensure allowed expenses are assigned to accounts
13
![Page 17: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/17.jpg)
Cost Sharing• Cost Sharing is a requirement the department agrees to in order to
provide the sponsor with assurances the department will spend additional efforts on the program
• Cost Share does impact the F&A RateoAs we increase cost share; we reduce (water-down) the rate
• Cost Share usually does not come with any additional funding from the Sponsor
• Recommend talking with grant team, VPR’s Office, SPR teams if the cost share continues to rise, reviewing the methodology is important
14
![Page 18: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/18.jpg)
Short Form Schools• Per 2 CFR Appendix III to Part 20 Section D, the Short Form method is
available to members that have $10M or less of sponsored direct costs• When analyzing whether a member qualifies for this method, we calculate a
three year average based on the Annual Financial Report data• Current short form memberso WTAMUo TAMIUo TSUo TAMUK (will move to long form for next proposal)o TAMUCo TAMUTo TAMUCTo TAMUSA
15
![Page 19: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/19.jpg)
Short Form RatesMembers On Campus Off Campus Base Year
TAMIU 43% 13% 2023 TAMU-C 36% 11% 2023 TAMU-K 38% 13% 2023 TAMU-T 44% 22% 2021 TSU 35% 8.5% 2023 WTAMU 41% 11% 2023 TAMU-CT 45% 9% 2020TAMU-SA 48% 19.9% 2021
16
![Page 20: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/20.jpg)
Polling Question #7• How are you dressed today?a. T-shirt and shortsb. Business casual from the waist up followed by shorts/yoga pants c. Pajamasd. I don’t want to talk about it
17
![Page 21: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/21.jpg)
Long Form• Per 2 CFR Appendix III to Part 20 Section D, the Long Form method is
available to members that have $10M or more of sponsored direct costs
• Once a member is converted to Long Form they cannot go back to the simplified Short Form calculation
18
![Page 22: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/22.jpg)
Long Form Schools-Over $10 million• College Station Based
oTAMUSoTAMUoAGRSHoAGEXToTEEXoTAMUGoTFSoTTIoTVMDLoTAMHSCoTSSCoTEESoTAMRFoTDEM
• Regional Campuses
19
oPVAMUoTAMUCC
![Page 23: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/23.jpg)
Long-form Rates (MTDC Base)Members On Campus Off Campus Base YearCollege Station-Based 50% 26% 2021PVAMU 50.5% 26% 2023 TAMU-CC 37% 26% 2021
20
2021 beginning in September
![Page 24: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/24.jpg)
COVID-19• DHHS is offering the ability to file an extension to calculate the rate
due to the impact of COVID-19oAre overhead costs less?oBuilding expenses?oStop construction on new lab buildings?oAre the labs not as busy or busier now?
• We have the option to extend by 1 year • Also, a few years ago DHHS allowed for 3-4 year extensions
21
![Page 25: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/25.jpg)
College Station Based F&A Proposal• Base Year is 2021• Review Accounts and Effort Codes…this can be completed nowoA Business Objects report has been created to compare the account function to
the effort code and pull the exceptions that should be reviewed for accuracyTAMUS Shared/Effort to Function Crosswalk
• Space Survey will be conducted during the FY21 April-May timeframe oTotal research dollars and lab space will be evaluated to determine which
departments will be included in the surveyoWe had 100% participation during the FY17 survey; we hope to achieve this for
the FY21 survey as well
22
![Page 26: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/26.jpg)
College Station Based F&A Proposal• Base Year is 2021• CRIS Software will be used to complete the FY 2021 space survey
and calculationoCommon ChallengesSpace is not assigned to a departmentSpace has an incorrect room type Space does not have any square footage assignedEquipment assigned to invalid or demolished rooms/buildings
23
![Page 27: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/27.jpg)
TAMUCC, TAMUT and TAMUSAF&A Proposal• Base Year is 2021• Review Accounts and Function Codes…this can be completed nowoReview Research, Instruction Accounts and any accounts with federal funding
• Ensure building depreciation is accurateoAre there new buildings coming on line? Research and lab buildings help the calculation
oWhat is the in-service date? In-service date will be the date used to begin depreciation
24
![Page 28: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/28.jpg)
Function and Effort Code Combinations• Account Function-based upon NACUBOoCorrelate NACUBO account functions with Effort Codes
• Effort Code-based upon Uniform Guidance, federal standardsoDescriptions used on the next table
25
![Page 29: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/29.jpg)
26
Function Code
Function Description Effort Code Effort Code Description
10 Instruction DINS, CSIN, DDPR Direct - Instruction, Cost Share Instruction, Direct Dept Research15 Research
DRES, DIPA, RFOA, CSOR, ISPA
Direct Organized Research, Direct Intergovernmental Personnel Act, Research Foundation Other Activities, Cost Share Organized Research, Indirect Sponsored Projects Administration
20 Public Service DOSA, CSOS,
DOIA, ISPA
Direct - Other Sponsored Activities, Cost Share Other Sponsored Activities, Direct Other Institutional Activities, Indirect Sponsored Projects Admin
25 Academic Support
DOSA, DOIA, CSOS, IDAD, IDEN, ILIB
Direct Other Sponsored Activities, Direct Other Institutional Activities, Cost Share Other Sponsored Activities, Indirect Dept Administration, Indirect Dean's Operation, Indirect Library
30 Student Services DOSA, CSOS, ISTA
Direct Other Sponsored Activities, Cost Share Other Sponsored Activities, Indirect Student Administration and Services
35 Institutional Support IGAD, USVC, ISPA
Indirect - General Admin, Unallowable - Service Departments, Indirect Sponsored Projects Admin
![Page 30: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/30.jpg)
27
Function Code
Function Description Effort Code Effort Code Description
40 O&M DOSA, DOIA, CSOS, IOPM, USVC
Direct Other Sponsored Activities, Direct Other Institutional Activities, Cost Share Other Sponsored Activities, Indirect Operation and Maintenance Expenses, Unallowable - Service Departments
60 Scholarships & Fellowships USCH, CSOS
Unallowable - Scholarships & Fellowships, Cost Share Other Sponsored Activities
70 AuxiliaryDOIA, USVC
Direct - Other Institutional Activities, Unallowable - Service Departments
![Page 31: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/31.jpg)
Analyze Effort Code with Functions• Reviewing from the Effort Code Perspectiveo DDPR-Direct Department Research-Research that is not separately budgeted and
accounted foro DRES-Direct Organized Research-Research that is separately budgeted and accounted
foro DOSA-Direct Other Sponsored Activities-Funding Source must be by an outside source
per 2 CFR 200o DOIA-Direct Other Institutional Activities-Funding Source must be by an inside source
per 2 CFR 200
• Three Cost Share Codes-these costs do go into the calculation• Service Center Effort Codes-removed from the calculation
28
![Page 32: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/32.jpg)
Effort Code Acronym Effort Code Description
Function Code Function Code Description
DINS Direct Instruction 10 InstructionDDPR Direct Dept Research 10 InstructionDRES Direct Organized Research 15 Research
DOSA Direct Other Sponsored Activities 20, 25, 30, 40Public Service, Academic Support, Student Services, Operations & Maintenance
DOIA Direct Other Institutional Activities 20, 25, 40, 70
Public Service, Academic Support, Operations & Maintenance, Major Repair & Rehab, Auxiliary
DIPADirect Intragovernmental Personnel Act 15 Research
RFOA Research Foundation Other Activities 15 ResearchCSOR Cost Share Organized Research 15 ResearchCSIN Cost Share Instruction 10 Instruction
CSOS Cost Share Other Sponsored Activities20, 25, 30, 40,
60
Public Service, Academic Support, Student Services, Operations & Maintenance, Scholarships & Fellowships
![Page 33: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/33.jpg)
Effort Code Acronym Effort Code Description
Function Code Function Code Description
IOPMIndirect Operation & Maintenance Expenses 40
Operation & Maintenance of Plant, Major Repair & Rehab
IGADIndirect General Admin & General Expenses 35 Institutional Support
IDEN Indirect Dean's Operation 25 Academic SupportISPA Indirect Sponsored Projects Admin 15, 20, 35 Research, Public Service, Institutional SupportILIB Indirect Library 25 Academic SupportISTA Indirect Student Admin & Services 30 Student Services
USCHUnallowable - Scholarships & Fellowships 60 Scholarships & Fellowships
USVC Unallowable - Service Departments 23, 35, 40, 70Hospitals & Clinics, Institutional Support, Operations & Maintenance, Auxiliary
![Page 34: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/34.jpg)
Polling Question #8• Does setting up the account attributes accurately help the F&A
calculation? a. Yesb. Noc. Not Sure
![Page 35: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/35.jpg)
College Station Base Year• To Do List:oRecommend reviewing function and effort code nowoRecommend reviewing any space listed without square footageo If a building has been demolished, review equipment inventory locations to
ensure they equipment location was corrected or removedoWe will need help with the Space Survey in the SpringoDo we need to consider an extension?
32
![Page 36: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/36.jpg)
TAMUCC Base Year is 2021• Want to analyze costs going into next year• Any new research buildings coming on-line?oBig impact to the F&A rate, if there are new buildings plus additional interest if
the buildings were financed
• The federal government is offering extensions….if we are not calculating an increase, we can ask for an extensionoEspecially with COVID-19, with fewer students on campus, utility costs are
reduced, etc.
33
![Page 37: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/37.jpg)
College Station Based Members Dates• Cleanup Account function and Effort Code from now through FY 2021• April 2021- May, 2021 Space Survey• November, 2021-February, 2022 calculate the F&A Rate• February, 2022-August, 2022 Negotiate with DHHS for a rate• Begin using new F&A rates September, 2022
34
![Page 38: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/38.jpg)
Note Disclosure-DS-2• Required for calculations where there is $25 million or more in federal
sponsored activityoCurrently 1 DS-2 for the College Station Based members
• Several Sections are requiredoDefine Direct CostsoDefine Indirect Costs Benefit Costs
oDepreciation/Amortization Methods Straight-line
35
![Page 39: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/39.jpg)
Questions• Any questions?• Cost accounting places expenses in different buckets to calculate our
true overhead costs for facilities and administration• This is an opportunity the Federal Government allows us to have• Time consuming to calculate, but very beneficial for each member• Let us know if there are any questions or concerns
36
![Page 40: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/40.jpg)
Business Objects ReportsTracy Crowley, CPAAssociate Director, Financial ReportingTexas A&M System Office
1
![Page 41: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/41.jpg)
Business Objects• Important tool for financial reporting• Queries are used during financial statement
preparation and during the desk review process• We rely on queries to dig into the details of our
financial statements• Numerous existing queries created by various
users• TAMUS Shared folder is used to share queries with
other users
2
![Page 42: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/42.jpg)
Polling Question #9• How many years have you been using Business Objects? a. 0-2 yearsb. 3-7 yearsc. 8-15 yearsd. I do not use this query tool, but I am interested in learning more
about it
3
![Page 43: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/43.jpg)
AFR Review Queries
4
• TAMUS Shared Folder/AFR Reports/AFR Review QueriesoHelpful for review/preparation
![Page 44: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/44.jpg)
AFR Review QueriesAgency Fund Transfers• Modified to ‘Agency & Fiduciary Transfers’• Added additional queries to verify transfers on codes 4994/5994• Review for Agency and Fiduciary transfers with other fund groupsoActivity outside of Agency and Fiduciary (should be zero)oTransfers within Fiduciary (Ins equal Outs)oTransfers within Agency (Ins equal Outs)
• Transfers between Agency or Fiduciary and other funds groups should be reported as revenues and expenses
5
![Page 45: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/45.jpg)
AFR Review QueriesCapital Asset Transfers• Transfers must match by asset type• Use queries to compare transfers with other members
6
Query Name PurposeCapital Asset Transfers (IntraSystem) -Summary
Useful for intra-system confirmation process, Verify transfers match by Asset Type (Equipment Vehicles, etc.),
NEW Capital Asset Transfers (IntraSystem) - By Asset Type
Balance System-Wide by Asset Type
NEW Capital Asset Transfers (Other Agencies) Summary
Identify transfers with other State Agencies
![Page 46: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/46.jpg)
Other AFR Review Queries• Clearing Account ReviewoAnalyze balances
• Frozen Code Activity and Budget Pool ActualsoReview activity, corrections may be needed
• Service Center EliminationoReview net activity by type (Professional Fees, Other Operating, etc.)oAnalyze Net Operating Income (Loss)oHighlighted rows correspond to AFR Schedule IV-4 columns
• Service Center Fund BalancesoUseful to analyze balances by accounts
7
![Page 47: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/47.jpg)
Financial Statement Queries• Designed to mirror AFR reports, drilldown capabilities allow users to
drill into details by account and/or subcode• Helpful when researching negative amounts or flux analysis
8
![Page 48: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/48.jpg)
Financial Statement QueriesOperating Expenses• IV-1 by Natural Classification • IV-3 and IV-3-A by Function• Click on Natural Classification, Function or Amount to drill down to
accountoExample – IV-1
9
![Page 49: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/49.jpg)
Analyze Specific Operating Statement Line Items• TAMUS Shared/AFR Reports/Reports subfolder• AFR Line Item Detail by Account-Select Specific Operating Statement
Items to see detail by accounts and object code
10
![Page 50: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/50.jpg)
More Financial Statement Queries• Endowment Fund Balance by Fund GroupoEndowment account balances by fund group (True, Quasi, etc.)
• Restricted Net PositionoRestricted net position by fund group and account
• NEW folder added for Fiduciary queriesoAnalyze details for Fiduciary Financial Statements
11
![Page 51: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/51.jpg)
Fiscal Month – Business Objects vs. AFR Module
12
• Reminder about monthsoAFR module uses calendar monthsoBusiness Objects uses fiscal monthoFor example, to run reports as of JuneUse month 10 in business objects (fiscal month)Use month 6 in AFR module (calendar month)
• Overnight delayoBusiness Objects is updated nightly, FAMIS entries not
reflected immediately
![Page 52: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/52.jpg)
Polling Question #10• What super power would you like to have?a. To be Invisibleb. To be able to hear what others are thinkingc. To Fly through the air like super man or superwoman d. Complete your AFR in 10 minutes and allowing you extra time to
review and edit as needed…and ensuring the System Office has ZERO points to send back to me
13
![Page 53: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/53.jpg)
Tips for Basic Queries• Business objects is a powerful tool• Data is grouped into universes,
important to understand the data set
• List of universes available on Enterprise Data Warehouse Websiteohttps://it.tamus.edu/edw/o See Universes taboClick on universe to view details
14
![Page 54: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/54.jpg)
Selecting a Universe• Financial Account Transaction Detail universe is usually a good place to
start. If the attributes you are seeking are not listed, try a different universe. There are several which provide details for specific types of transactions.oFinancial Vouchers (voucher detail, includes vendor numbers)oFixed Assets (FFX data)oFinancial AR Invoice (Accounts Receivable invoices)
• TIP – If running a system-wide query, remember that Financial Account Transaction Detail queries exclude WTAMU and TEEX (non-FAMIS users, data is only loaded at a summary level)
15
![Page 55: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/55.jpg)
Different Attributes Needed Depending on Universe Selected• Financial GL SnapshotoProvides GL balances as of a specific time period, requires BOTH Fiscal Year and
Fiscal Month
• Financial SL-GL Balances – both GL and GL informationo If you are scheduling the report to run monthly, use dynamic values so the
month is updated automatically……….
16
![Page 56: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/56.jpg)
Polling Question #11• Which universe would be best to analyze voucher details including
vendor numbers, vendor names, amounts, etc.?a. Accounts Receivable Universeb. Fixed Asset Universec. Financial Voucher Universe
17
![Page 57: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/57.jpg)
Questions• Any specific questions?• There are many queries written, it saves time to select a query that is
already built; however, need to know how it was built to determine what is possibleoDrill down or notoPulling from the GL universe vs. accounting transaction universe
• Need to edit existing query? Save a copy to My Documents folder• Many experts who have joined us today and can help
18
![Page 58: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/58.jpg)
AFR Module ReportsTracy Crowley, CPAAssociate Director, Financial ReportingTexas A&M System Office
19
![Page 59: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/59.jpg)
AFR Module – The Basics• AFR Instructions Chapter 11 – AFR ModuleoList of reports, prerequisite hierarchyoMost commonly used screensScreen 172, Printing reportsScreen 194, Report print statusScreen 193, Manual entries for Cash Flow Statement
oChecklist for troubleshooting AFR reportsAssets not equal to Liabilities plus Net PositionNet Position per III-Fund doesn’t match Net Position per IV-Fund
• Online Sample AFR Reports
20
![Page 60: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/60.jpg)
Polling Question #12If you had a rock band what would its name be?a. Debit Beats a Creditb. Red Debitc. Bean Counters and Beyondd. Accountants Rock
21
![Page 61: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/61.jpg)
AFR ModuleAccessing the AFR module Log into FAMIS and type “AFR” in the Screen field
NavigationMain Menu Screen 001Useful to find screen numbers
View PF keys at bottom of screens for cues Use Screen 882 to change the fiscal year or campus code
(defaults to current year)
22
![Page 62: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/62.jpg)
AFR ModuleFrequently Used Screens
23
Screen Title Purpose
172 Print Group Reports Select and print reports
175 Report Column Maintenance Shows how the column is defined
179 Line Item Definition Maintenance
Shows how the row is defined
180 Extended Line Item Maintenance Enter manual entries (cash flow statement)
193 Manual Entry Summary View manual entries for a specified report
194 Work Order Summary View status of requested report(s)(O=Open, C=Completed, R=Running)
![Page 63: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/63.jpg)
Requesting AFR Reports• Print Group Reports – Screen 172• Press F8 for GASB reports, enter ‘X’ to Run All
Coming Soon……..AFR Reports in Laserfiche
24
![Page 64: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/64.jpg)
25
Requesting AFRReports• Print Group Reports
Screen 172
• Use Month = 13 for year-end During the year, run using a month that is closed (use calendar month, 6 for June)
• Press F8 for GASB reports
![Page 65: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/65.jpg)
26
Selecting Reports to PrintPre-Requisite Pop Up Box
• Appears after selecting reports on 172, and pressing enter
• If there are pre-requisite reports you do not wish to run but not print, change to ‘R’ for Run Only
![Page 66: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/66.jpg)
27
When is my AFR going to print? Where is it? I am running out of time….
• View Report Statuso O-Open requesto R-Running Reporto C-Complete and in print queue
• If report is not printing, check to see if the job is completed.
Screen 194 Work Order Summary
![Page 67: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/67.jpg)
Timing Considerations• Recommend running AFR module reports as of a closed month• For AFR reports run during the year, PY balance is as of the same
month• When running reports mid-year……oAFR reports – Use calendar month (June = 6) oBusiness Objects - Use fiscal year month (June = 10)
28
![Page 68: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/68.jpg)
29
AFR Reports & Pre-RequisitesExhibit III - Statement of Net Position◦ Schedule III-Fund Net Position by Fund Group◦ Schedule Three-A Cash & CE by Fund Group◦ Schedule III-1 Unrestricted Net Position
Exhibit IV - Statement of Revenues, Expenses & Changes in Net Position◦ Schedule IV-Fund SRECNP By Fund Group◦ Schedule IV-3, IV-3-A Operating Expenses by Fund/Function◦ Schedule IV-4 Service Department Activity
Schedule IV-1 - Operating Expenses by Natural Classification◦ Schedule IV-2 NACUBO Function Matrix◦ Schedule IV-3, IV-3-A Operating Expenses by Fund/Function◦ Schedule IV-4 Service Department Activity
![Page 69: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/69.jpg)
GASB Reports -Published Schedules
30
Total of 26 Reports Included in GASB group
![Page 70: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/70.jpg)
GASB Reports - Workpapers
31
![Page 71: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/71.jpg)
AFR Reports – Getting to the Details• How to identify the detail of what’s included in a specific amount on AFR
report?1. Use a business objects query (probably the easiest)2. View Report definition details on AFR module screens
175 – Column definitions 179 – Row definitions
o If report has pre-requisites, may have to look at underlying schedule to see detail For example, view reports IV-3 or IV-3-A to see the codes used for operating expenses reported
on IV-Fund
3. Use online object code database to view subcodes
32
![Page 72: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/72.jpg)
View List of Object Codes for Specific Line Items
• Use System Office online object code list• Advanced feature allows you to select the line item to see a list of the
codes included (some rows may also include Account Controls)• Helpful when researching which code to use
33
![Page 73: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/73.jpg)
AFR Report Downloads• Download automatically created when AFR report request is
processed
• Members will need access to report downloads for Cash Flow Statement and Flux Analysis Workpapers
• FAMIS FTP access requiredoRequest through FAMIS Production
34
![Page 74: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/74.jpg)
Manual Entries• Cash Flow Statement (Exhibit V) is created with all manual entries• Data Entryo Identify line item requiring manual entry on 179, and select line item to proceed
to 180oEnter amount in ‘M’ column, specify the appropriate column number oEnter justification on pop-up windowoNo manual entries on Total linesoEntry affects the Manual CC, only in the Manual Month (typically month 13)oTo delete manual entry, remove the amount on Screen 180
35
![Page 75: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/75.jpg)
Polling Question #12• Most members only use Manual Entries to build the Cash Flow
Statement?a. Trueb. False
36
![Page 76: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/76.jpg)
Manual Entry ExampleSelect Row on Screen 179
Post Entry on Screen 180
37
Cash Flow Statement Entries
![Page 77: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/77.jpg)
Review Manual Entries• FAMIS AFR Screen 193 by AFR report and by campus code• Enter report name and select ‘M’ for Manual entries
38
![Page 78: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/78.jpg)
Questions• AFR module, the reports have been built and ready for the members to
use• If you have any trouble with a report that is out of balance, let us know,
we are glad to research the design of the report• Any questions or concerns?
39
![Page 79: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/79.jpg)
Closing Comments-the Financial Statement Season Begins• Thank you for participating in our first virtual workshop;
this was all new to uso Special thank you to Chris Arrington for working out the
technical challenges and Wanda Roof for reviewing the PowerPoints
o The polling questions were a challenge, we tried to make them a little light hearted
• 2020 AFR Season has begun…we know you and your team are facing new requirements every day, we appreciate all of the hard work you have put and we know you will put in during the next few months
• If we can help in anyway, let us know
40
![Page 80: The Texas A&M University System Annual Financial ......1 The Texas A&M University System Annual Financial Reporting WebEx Meeting • Welcome to the meeting • The presentation will](https://reader034.fdocuments.in/reader034/viewer/2022051916/6007e81336e12e00b74d0817/html5/thumbnails/80.jpg)
41