The Carryforward Spending Plan (CFSP) will be developed and reconciled in Adaptive Planning (ADP) beginning in fiscal year 2024-25. Information regarding the timeline, training, and additional resources are provided below.
Carryforward Spending Plan Timeline
| Date | Topic | Description | |
|---|---|---|---|
| 7/3/2024 | Plan | CFSP Memo sent to VPs and representatives | |
| 7/8/2024 | Plan | ADP opens for spending plan development in “2024-25 Carryforward Spending Plan” version | |
| 7/8/2024 | Plan | 2024-25 CFSP Training (see "Training" section below for more details) | Training |
| 7/11/2024 | Plan | 2024-25 CFSP Training (see "Training" section below for more details) | Training |
| 7/16/2024 | Plan | 2024-25 CFSP Training (see "Training" section below for more details) | Training |
| 7/26/2024 | Plan | ADP “2024-25 Carryforward Spending Plan” version closes | Due Date |
| 8/1/2024 | Recon | CFSP final reconciliation for 2023-24 spending plans are due | Due Date |
| 8/29/2024 | Plan | Carryforward budgets are booked in OMNI (subject to administrative approval) | |
| 9/13/2024 | Plan | Board of Trustees approval for 2024-25 Carryforward Spending Plan | |
| 10/15/2024 | Recon | 2024-25 CFSP Reconciliations Training (see "Training" section below for more details) | Training |
| 10/30/2024 | Plan | Board of Governors approval | |
| 11/1/2024 | Recon | First quarterly reconciliation is due (for activities occuring July 1 through September 30, 2024) | Due Date |
| 2/3/2025 | Recon | Second quarterly reconciliation is due (for activities occuring July 1 through December 31, 2024) | Due Date |
| 5/1/2025 | Recon | Third quarterly reconciliation is due (for activities occuring July 1 through March 31, 2025) | Due Date |
| 8/1/2025 | Recon | Fourth quarterly reconciliation is due (for activities occuring July 1 through December 31, 2024) | Due Date |
Training
Training will be offered for Budget Preparers and Approvers. Live Zoom sessions and training presentation slides are available through the Budget Office Canvas course site.
Live session dates are:
CFSP Plan Development
- Monday, July 8 from 3:00 pm to 4:30 pm
- Thursday, July 11, from 1:00 pm to 2:30 pm
- Tuesday, July 16, from 10:00 am to 11:30 am
CFSP Reconcilations
- Tuesday, October 15 from 2:00 pm to 3:30 pm
Resources
- ADP Carryforward Spending Plan User's Manual
- General ledger account mappings to sub-budgetary accounts for revenues and expenses (coming soon!)
Additional Resources
Additional information regarding 2024-25 reconciliations and associated trainings will be provided at a later date.