Approximately 80% of University expenditures are salary and benefit related. The Internal Controls - Employment reports in M-Reports provide "at a glance" and guided analysis of operational, strategic, financial, and compliance data for your unit(s). This information can help you:

• Identify employment trends and exceptions
• Compare actuals to expectations
• Minimize risks
• Enable data-driven decisions (i.e., business intelligence)

These reports display the high-level and detail data you need to analyze and certify that employment controls are appropriate for your unit(s).

Individuals who support and/or are responsible for the University’s annual financial certification process use these reports.  They can also use them throughout the year to view and analyze management data for their school/college/department group or individual department.

 

M-Reports provides the ability to view the financial status of your project/grants * online; including sponsored research, UM-funded, gift, and other projects.

Sponsored research reporting in M-Reports resulted from a joint charge by the Provost, Executive Vice President/Chief Financial Officer and the Vice President for Research: Provide faculty with ready access to timely information about the budget/fiscal status of their research projects.  Subsequently, M-Reports was enhanced to include all types of projects/grants, providing project directors and administrators with the financial picture of all their project-based activity.

M-Reports project/grant financial reporting allows faculty and administrators to:

• View summary sponsored and “non-sponsored” project/grant data by Principal Investigator or by Project Administrator.
• Drill to various levels of detail for budget, revenue, expenditures, financial estimates, and commitments

View a demo of the Sponsored Research Financial reports.

This information can help you:

• Identify a high-level balances for your project/grant(s)
• Compare actuals to expectations
• Minimize risks in over-/under-spending your project/grant
• Enable data-driven decisions (i.e., business intelligence)

* Note: legacy sponsored research project/grants (i.e., those beginning with C) are not available in M-Reports.

 

Source/Use is a financial reporting and trending approach widely-used by University departments. Source/Use reporting allows departments to compare incoming revenue (i.e. sources) to outgoing expenditures (i.e. uses) in order to identify trends and anomalies.

The M-Reports Source/Use Year-To-Date report offers financial managers the ability to:

• Identify high level balances by Fund or Fund group for a fiscal year
• Drill to transaction detail, including payroll, benefits, student financials, invoices, and vouchers
• Analyze sources of revenue and spending by Fund or Fund group over time
• Select various groups of departments within a school/college/department group to facilitate reporting and analysis
• Enable data-driven decisions (i.e., business intelligence)

The M-Reports Source/Use Projections report provides all of the above, with the additional option to compare balances for multiple fiscal years for all Funds, a single Fund, or a Fund group. Projected amounts, based on prior fiscal year data, allow you to estimate revenues and expenses at a point in time during the current fiscal year or estimate year-end totals. The University's Office of Budget & Planning recommend the use of this report during the annual budgeting process.

The Source/Use At-A-Glance report uses totals, graphs, and percentages to quickly highlight comparisons and trending data for your revenues and expenses for multiple fiscal years by all Funds, a single Fund, or a specific Fund group.

 

M-Reports content will continue to grow as University units identify business areas that would benefit from guided analysis. The M-Reports team wants to partner with units to include:

• Additional management data and reports
• Key performance indicator analysis (e.g., space utilization, academic course demand, human resource metrics, etc.).
• What-if analysis

 

• Access M-Reports
• View a demo of M-Reports
• Watch an Internal Control presentation