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University of Nevada, Las Vegas



Instructions - Form R2: Revenue Schedules

  • Line Out Calculations for each revenue category, including Recharge Income, and enter the total amounts into Form R1.

  • Self supporting accounts have a wide variety of revenue streams so it is not possible to provide a template that would apply to all accounts. Examples are provided below as a guide in lining out revenue projections.

  • Many accounts will only have one revenue category but where there multiple revenue sources, a schedule is required for each one.

  • Note assumptions used to calculate revenue, such as increase or decrease in volume, new customers, new products, price increases, enrollment changes etc.

Current Year2

  • Only include revenue that is expected to be received and will post to the account in Current Year2.
    • Cash receipts beginning July 1 will post to the following fiscal year.

    • Recharge and Voluntary Transfers In can continue to post to the current fiscal year in Period 13.

    • Note the Foundation deadline to request transfers to Gift Accounts for the Current Year2.

  • There are a few ways to approach revenue projections for the current year and the correct method will depend on the type of revenue and the accuracy of receivables tracking.

Method 1: Recommended for Student Fees, Sales, Recharge, and Other Revenue.

  1. Line out a Total Revenue Projection for the full year.

  2. On Form R1-Column D: Enter the Amount Received, per Data Warehouse through the fiscal month end noted in Cell D09.

  3. On Form R1-Column E: Enter the difference between the Total Projection and the Amount Received per Column D.

Method 2: This method should only be used where you have accurate records of outstanding receivables.

  1. Line out a revenue projection for the remainder of the Current Year2.

  2. On Form R1-Column D: Enter the Amount Received, per Data Warehouse through the fiscal month end noted in Cell D09.

  3. On Form R1-Column E: Enter the Projection for the remainder of the Current Year2
  1. Plus outstanding Receivables as of the month end noted in Cell D09.

Additional Methods:

  • Trends and averages may also be useful where there are a large number small revenue streams, such as Indirect Cost Revenue from multiple grants, but should not be substituted for more accurate projections where rates and volumes are available.

Budget Year3

  • Line out the Total Revenue Projection by category for the full year.

Revenue Projections:

The Revenue Projection is a critical part of the budget process. The revenue stream determines what level of activity the account can support so accurate revenue projections contributes to efficient account management. The Current Year2 Ending Balance becomes the Budget Year3 Beginning Cash Balance, which is a significant part of the revenue stream for many accounts. So accurately projecting the Current Year2 Projected activity to arrive at the Ending Balance is an important part of the revenue budget.

Examples Provided here.

Fiscal Year Notation Date Span
1 Prior Year = FY16 07/01/15 - 06/30/16
2 Current Year = FY17 07/01/16 - 06/30/17
3 Budget Year = FY18 07/01/17 - 06/30/18

Back to Self Supporting Budget Instructions


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Location:
Budget Office
4505 S. Maryland Parkway
CSB Room 209, Box 1057
Las Vegas, NV 89154

Business Hours:
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8:00 AM - 5:00 PM
Excluding Holidays

FY18 Self Supporting Budgets

 


 

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Last updated 10/25/17 16:51:46 PDT.