Financial Health and Compliance Indicators
Financial Health Indicators
The Financial Health and Compliance Indicator procedure has been developed, approved and becomes fully effective in fiscal year 2012, with early implementation strongly encouraged for fiscal 2011. This procedure replaces the Exception Reporting procedure.
The new procedure identifies several short and long term factors regarding the financial health of an institution, including the composite financial index, or CFI. Another key factor identified for use in this procedure is negative operating losses.
Board Policy 7.3 Financial Administration
Procedure 7.3.16 Financial Health and Compliance Indicators
Reporting Forms and Due Dates
- CFO Certification Form for Quarter ended March 31, 2012 is due on April 30, 2012.
- FAQ CFO Certification will be updated as questions are asked answered. Feel free to contact us if your question is not answered in the FAQ.
- Cash Flow Forecasting Instructions
- Cash Flow Forecasting Template
Exception Reporting Archive
Exception reporting for previous reporting periods has been archived. The reports are organized by fiscal year, quarter and by measurement metric.
If you have questions or comments please email us (financialhealth@so.mnscu.edu) or refer to the staff directory link at the top of this page for additional contact information.
