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University of Wisconsin–Madison

Research Cores First Financials Workshop Nov 12 & 19, 2019

Research core managers and leads are invited to the Research Cores First Financials Workshop, a two-part hands-on business-basics class November 12 and November 19, 2019 from 9:00 am – 11:00 am in Bascom Hall room 260.  The workshop is sponsored by the Office of Campus Research Cores and Madison Budget Office.  Please register as space is limited.

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

Part 1 Lecture: Tuesday November 12 from 9:00 am – 11:00 am in Bascom Hall room 260
Part 2 Discussion: Tuesday November 19 from 9:00 am – 11:00 am in Bascom Hall room 260
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 November 19.

Registration is free but class size is limited. 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.  The course content is similar to the initial workshop offering in June 2019 and October 2018: previous attendees should not re-enroll.

Please contact Isabelle Girard with questions or suggestions, or to be added to future sessions.  We look forward to a collaborative workshop.