Looking Ahead: Operating Plans
RF Financial Concepts 101
Understanding the Business of the RF
Module 4: Finding and Understanding RF Financial Data
RF Operating Plan Looks Ahead and Projects Annual Budget for the Coming Year
The RF Operating Plan is an annual report designed to help all stakeholders understand the RF's business. The Operating Plan outlines the corporation's annual budget and includes descriptions and charts to show the sources and uses of RF funds.
The corporation's annual budget shows:
The report includes a detailed and easy-to-understand narrative on the sources and uses of RF funds. Pie charts are included to illustrate the dollar amounts for each activity, and the percentage of the total financial picture for each.
What the Data Shows
In 2016, total funding is expected to decrease by 9% - from $1.18 billion to $1.04 billion.
Of the projected $1.04 billion in funding, almost 87% is direct costs for sponsored program and shared services to campus-related organizations, as specified by the provider of the funds.
A comprehensive resource for all stakeholders to understand the RF's business, the Operating Plan outlines the corporation's annual budget and strategic initiatives.
Where to Find More Information
Please refer to the 2016 Operating Plan.