Later this month, Audit & Advisory Services will add six new metrics to the Financial Management Dashboard. The following metrics provide additional key indicators to help monitor financial activities and compliance risks:
- Payroll Default Chartstrings: Identifies campus payroll transactions requiring correction after posting to department default chartstrings due to invalid funding setup
- Payroll Transactions in Suspense: Identifies campus payroll transactions requiring correction after posting to payroll suspense due to invalid funding setup
- Claimed Receivables: Tracks the timeliness of cash deposits and recording of the receivables to identify opportunities to reduce claim processing timeframes and improve cash flow
- Award Verification: Tracks quarterly award verifications by Principal Investigators using the Award Verification Tool as an indicator of compliance with sponsored award regulations
- Sponsored Accounts Receivables Balances: Tracks accounts receivable balances for sponsored awards
- Cost Share: Tracks the number of sponsored awards with cost share commitments and progress in meeting those commitments to comply with award contract terms
About the Financial Management Dashboard
First launched in August 2018, the dashboard provides department managers, Control Points, and central units with quick indicators to help monitor potential financial and compliance risks. Drawing from financial, personnel, and other relevant data, easy-to-view charts highlight transactions that may merit additional management review. Currently, the dashboard is comprised of 17 metrics covering sponsored award and financial indicators.
The dashboard is a component of UCSF’s Continuous Monitoring Program—a partnership between Audit & Advisory Services and University departments. For more information, see the Financial Management Dashboard (opens in new window) section of the Audit & Advisory Services website or log into the dashboard through MyAccess.
Email Arthur Gong, Audit & Advisory Services Senior Data Analyst, if you have any questions about the dashboard. Training sessions and presentations on the new dashboard metrics will be conducted beginning in July through September 2022. Further details will be communicated through various channels, including future editions of the Audit & Advisory Services Newsletter (opens in new window).