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Finance director presents budget-status report; committee requests quarterly updates
Summary
Finance Director Jamie Livermore presented a revised budget-status report showing available balances and encumbrances, described presentation changes and department encumbrance practices, and the committee asked for quarterly updates and optional ad-hoc access to the reporting system.
Jamie Livermore, director of finance, presented the committee with a budget-status report that displays how much is available in each budget line and separately shows encumbrances for outstanding purchase orders.
Livermore told the committee the new report differs from prior versions by showing remaining available amounts rather than percent used. "So the previous reports would show how much was, it would show the percentage in the opposite way.…
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