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Reports (Transaction Summary)

Direct Costs will be listed on the Budget Summary report directly under the Total Expenditures line.

Indirect Costs can be found on the Budget Summary report listed as Total FAC and Admin Cost under the Total Expenditures line. They can also be found on the Transaction Summary report as a line for Indirect Costs.

You can find the FTE total by viewing the Transaction Summary Report and finding the FTE column next to the Amount column.

Benefit rates are summarized by account code and neither MyFD nor FAS display the individual rates per employee. The calculation formula and rates can be found here under Payroll Load Rates http://www.washington.edu/admin/finacct/loadrate.html

The "Balance Forwarded - TC31" transactions can be ignored. They are the system's way of carrying forward expenditure totals from one biennium to the next for budgets (such as grants) that span multiple biennia. In other words, because our system only retains data for three biennia, we have to "lump sum" the expenditure totals for budgets like this in order to ensure that we have accurate totals. These transactions will only occur during biennium close and can be disregarded.

There are a few explanations for why this may occur:

Your budget may have begun after the start of the selected reporting period, therefore no prior transactions would exist.
If viewing the first fiscal year of a biennium, there are no prior transactions because each biennium is accounted for separate from the next.
For gift budgets, prior transactions may appear in the new biennium as forwarded expenditures, etc.

Financial Accounting maintains the benefit rate table here, found under Payroll Load Rates - Summary List :
http://www.washington.edu/admin/finacct/loadrate.html

MyFD displays transactions in correct Fiscal month, or the month the transaction occurred rather than the month that they post, or accounting month; FIN displays transactions in the accounting month. It is common to see a discrepancy between MyFD and FIN during the year end or biennium close period; many of these "missing" transactions can be found in MyFD in June.

Additionally, there are some important differences between Biennium and Project Period reporting views, especially in reference to grants and contracts.

Financial Accounting maintains the benefit rate table here, found under Payroll Load Rates - Detailed List
http://www.washington.edu/admin/finacct/detailrates96-11.pdf

Reports (Budget Summary)

Direct Costs will be listed on the Budget Summary report directly under the Total Expenditures line.

Indirect Costs can be found on the Budget Summary report listed as Total FAC and Admin Cost under the Total Expenditures line. They can also be found on the Transaction Summary report as a line for Indirect Costs.