• Budget
  • Overview
  • Budget Rev Letter
  • General Instruction
  • President Overview
  • CFO Overview
  • Schedule/Timetable
  • Budget Review
    • Budget Template
    • Annual Schedule
    • Quarterly Schedule
• Cash Management
  • Overview
  • System Diagram
• Compliance
• Great Plains
  • Overview
  • Pricing
  • GreatPlains Application
• HIPAA

Budget Overview

Each calendar year, each FPMP will complete an All Funds Budget.  The objective of this budget is to ensure financial stability of each Practice Plan corporation.  In addition to providing the required financial budget schedules, each Corporation President (Chairperson) and Chief Financial Officer will submit a summary identifying the risks, opportunities and assumptions utilized in developing the budget.

 

Budgets are submitted in September.  They are reviewed by UBA prior to individual Practice Plan corporations budget meetings involving personnel of UBA; the Practice Plan President (Chairperson); and its Chief Financial Officer. The Vice President for Health Sciences will be invited to the meeting however, the CFO may act as his designee.  At the conclusion of these meetings any adjustments that are required are requested and a final budget is due in early December. 

 

Once final budgets are reviewed, they are consolidated and presented to the FPMP Governing Board, Vice President for Health Sciences and the Practice Plans.

If financial conditions dictate additional quarterly meetings are established to review budget vs. actual results.