Finance: ZBB and what you need to know…
The Finance Team would like to share the following update with you…
Financial Year end 31.12.2024 important dates:
· Overtime / Expenses need to be approved by 02.12.2024
· Long Term Sick forms need to be sent by 29.11.2024
· Ariba receipting to be included in 2024 06.12.2024
· Purchase cards processed by 13.12.2024
2025 Budgeting (ZBB)
We are starting the 2025 budget setting process for departments across the college. This time around we are using a slightly different methodology, called ZBB (Zero Based Budgeting).
This exercise aims to give you more control over your own budget. By working with the finance team (meetings to be arranged with HoDs), you’ll have the opportunity to outline your department’s priorities for the next financial year.
If you are responsible for a budget, please complete the linked form to set up a 2025 budget meeting on the 15th or 16th October. These dates have been suggested to avoid clashing with teaching time.
If these dates don’t work, please contact Liam McDermott (liam.mcdermott@highlads.ac.uk) to arrange a suitable time.
T&E SHARED SERVICES CONTACT LIST
Click here to view the Shared Services contact list; this could be very useful for anyone wanting assistance with any of the services they provide.
REVIEW AND CLOSE OF OPEN ORDERS
Within Connect Finance, requisitioners should have access to view the status of all orders within their school or service.
Please click here for the best way of accessing this information directly on the system.
Once you have obtained your listing, please review the items in “Value to be Delivered” and the “Value to be Invoiced (GOJ)” columns to determine what action needs to be carried out to clear these. Additionally, the Finance Business Partnering team will also be distributing listings as on Friday 22nd November 2024 to all budget holders.