Page 7 - 2018 Workshop Booklet
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Workshop Booklet
A: This is being managed at a global level and is being worked through with the global finance leads in view
of aligning all campuses globally so that we can have accurate benchmarking and provide clear reporting to
our stakeholders.
Q: What will the budget process look like going forward?
A: One of the key changes for the 2019 budget is to begin earlier than we did in 2018. We will be engaging
a lot more with RPs and more at campus level. Looking further forward, we will have 3-5-year targets; the
budgets will be uploaded into Xero and retrospective change of chart of accounts for meaningful prior year
comparisons.
Q: What does the new funding model look like?
A: The funding model provides transparency at campus level and funding will be provided on a needs basis. If
a campus has 3 months – 6 months of Opex they will be considered by NAC for funding. If a campus has more
than 6 months of cash balances, it will then be considered according to how much there is for NAC to actual-
ly distribute. It is purely needs based.
Q: Can we obtain monthly management reports with actual vs budget so we can see how we are track-
ing?
A: Yes, the monthly management reports will be provided shortly.
Q: Do we have access to Financials at Campus Level (Xero)?
A: The campus finance lead would have access to this.
Q: What is the proposed funding allocation for this year?
A: As mentioned above, it is needs based. It is to be confirmed. We are working with the global team.
CA Bootcamp 2018
2018 Workshop Booklet.indd 7 11/04/2018 8:54:40 AM
