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University of Wisconsin–Madison

Research Core First Financials Workshop Oct. 9 and 23, 2018

Research core managers and leads are invited to waitlist for the Research Cores First Financials Workshop, a two-part hands-on business-basics class October 9 and October 23, 2018 from 9:00 am – 11:00 am in Grainger Hall.  The workshop is sponsored by the Office of Campus Research Cores and Auxiliary Operations Analysis.

** Update August 16:  The registration limit has now been reached.  Please register for the wait list and to be added for future sessions. **

Workshop Goals
To provide the business managers of research cores and shared resources the knowledge, skills and tools to implement sustainable and compliant financial practices in core operations, with a focus on defining revenue sources to adequately offset expenses and exploring options for rate-setting in fee-for-service activities.

Learning Outcomes
Upon completion of the training module, research core managers will:
› understand the university, state, and federal compliance environment affecting business operations
› know the defining features of OMB Uniform Guidance
› assess current adherence to Uniform Guidance Principles and identify gaps in respective cores
› identify major expenses associated with cores and document respective actual expenses
› distinguish between usage and capacity, and provide appropriate metrics for evaluating user fees
› apply various rate-setting parameters to explore effects of assumptions on revenue and sustainability
› provide a working model for sustainable core operation and rates for discussion with leadership teams
› receive individualized support for specific challenges and facility goals
› engage in supportive, friendly dialogue with experts and colleagues

Schedule
Part 1 Lecture: Tuesday October 9 from 9:00 am – 11:00 am in Grainger Hall 2520 (NOTE ROOM CHANGE on Oct 8)
Part 2 Lab: Tuesday, October 23 from 9:00 am – 11:00 am in Grainger Hall 2290
Attendance at both sessions is required. A homework assignment to gather expenses and explore rate-setting strategies will be assigned at Part 1 and will be due at Part 2 on Oct 23.

Waitlist by October 1, 2018
Registration is free but class size is limited – limit was reached on August 16. Registrants must be core or shared facility managers or operational leads. The class will be of greatest benefit to cores or shared facilities supported (wholly or in part) by user or customer fees.

Please contact Isabelle Girard with questions or suggestions.  We look forward to a collaborative workshop.