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<p class="MsoNormal"><span style="font-size:12.0pt">ALVSCE Colleagues,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Communicating financial information has been an active goal within ALVSCE for a decade. It builds trust, aligns and motivates, and fosters innovation. Finances in higher education are complex, and communicating
the complex is not easy. That has made our goal even more important but not without challenges.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">A lot of information has been publicly available – quarterly available funds budgets from unit leaders and business officers, “red/green” 5-year budget projections for CALS and Extension – but, admittedly,
these are not easy to understand and have been difficult to locate on the Compass website.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Today begins a new <b>financial transparency initiative</b>, intended to make financial information more accessible, easier to understand, and form the beginnings of constructive discussions with your unit
leadership and business officer. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">For a simple trend graph of cumulative annual balances by units, please go to our
<a href="https://compass.arizona.edu/">Compass website</a> and click on the “Explore ALVSCE’s Finances” button located just below the rotating news story banner. This webpage and the materials within it were developed with input from faculty and staff members.
Additional information and a glossary of terms is also available if you want to explore ALVSCE and unit finances further.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">I expect you’ll have questions. Please use this as an opportunity to begin a dialogue with your unit leader and business officer.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">This is an effort that will continuously improve towards achieving our goal. I welcome and encourage your feedback.
<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt">From the </span></b><span style="font-size:12.0pt"><a href="https://compass.arizona.edu/"><b>Compass website</b></a><b>:<o:p></o:p></b></span></p>
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<p class="MsoNormal"><b><span style="font-size:14.0pt;color:#0C234B">Jeff M Ratje</span></b><span style="font-size:10.0pt;color:#767676"><br>
</span>Associate Vice President, Finance Admin Operations<br>
Division of Agriculture, Life and Vet Sciences & Cooperative Extension<br>
THE UNIVERSITY OF ARIZONA<span style="font-size:10.0pt;color:#767676"><br>
</span><br>
Forbes, 314c<br>
PO Box 210036 | Tucson, AZ 85721<br>
Office: 520-621-1468<span style="font-size:9.0pt;color:#767676"><br>
</span><span style="font-size:10.0pt;color:#767676"><a href="mailto:jmratje@email.arizona.edu"><span style="color:#767676;text-decoration:none">jmratje@email.arizona.edu</span></a><br>
<b><a href="https://www.compass.arizona.edu/"><span style="color:#8B0015;text-decoration:none">www.compass.arizona.edu</span></a></b><br>
<br>
<o:p></o:p></span></p>
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