Personnel
APP stands for...
What is Average Planned Personnel?
I'd check WFE form when I have a ______ variance/question.
What is salary?
CASPR stands for...
What is Cost Accounting for Strategic Planning and Reporting?
Do any direct costs go through the step down?
Yes
What is Cost Center?
Intended to measure how many full time people are employed by the FRS
What is FTE?
where to find financial data like budget, forecast, and actuals
What is the data cube?
3 Missions of the Fed
What are 1) Set Monetary Policy 2) Supervise and Regulate Banks 3) Provide financial services to government and financial institutions?
Provide an example of a direct cost
Directly sent to a Service Lines 1-6 sub-activity and hasn't gone through the Step Down Process
T/F
An Activity Assignment can charge to multiple sub-activities
True
Point in Time personnel measurement
What is FTE?
Adaptive Sheet 1a tells us...
budgeted/forecasted non-salary expenses
Purpose of CASPR
What is to Derive the total value of the direct services (Service Lines 1-5)?
Give an example of an indirect cost
Varies
How salary expenses are mapped to sub-activities
What is Activity Assignment?
Exists without needing a person in the seat
What is APP?
Equipment Depreciation
How does the fully costing process align with the purpose of CASPR?
The four distribution methods
APP ratio, Square footage ratio, Hourly rate, and Dollar Ratio
How Non-Salary Travel expenses are mapped to sub-activities
What is Expense Report?
Vacancy rate will ______ our salaries and FTE forecast based on the percentage of positions we expect to be vacant during the year
What is lower?
26Fv25B
Overrun of (+$32K) due to (-$4K) in salaries from an open position, (+$18K) in Equipment purchases due to an unexpected printer purchase, and (+$3K) in Software and Cloud expenses due to purchasing Microsoft software ($500), Tableau ($300), and RAZL SiteCore Licenses ($2,200).
Not within 80/120, its a growth (instead of overrun), not in order of magnitude, and over explaining software.
Ex: making accurate plans, connecting costs to the missions of the Fed, accountability across the system, strategic prioritization, sparking the correct conversations and decisions
How does the APP allocation method change when people leave or join the Bank?
They don't, it is set at budget
Give an example of when the purchase of the same item would hit different sub-activities
Ex: Travel for training vs travel for bank exam, purpose of the software is different, computers purchased for a conference room vs for personal use, salaries of different employees