Basics of Planning Ahead POP Quiz

What is the name of the LSC SharePoint site where you can find current forms and documents related to budget and other topics of interest?

• OneDrive

• Employee Intranet

• www.lonestar.edu

• Microsoft 365

What is the most current and accurate platform to check your budget? 

• Commitment Control

• Budget Overview

• EPM

• Node

Contingency requests and operational budget requests should be made at the same time during budget presentations.

• True

• False

 Justifications of your proposed budget are meant to be:

• One word

• Brief and an overview of your request

• Detailed to show that your department has a well thought out plan tied to departmental goals for the requested money

• Boring

My Adjusted Budget is the Final Budget plus any adjustments made after the Final Budget was approved.

• True

• False

Each Department has only one Cost Element

• True

• False

How frequently does EPM update?

• Every hour

• Constantly (up to the minute)

• Weekly

• Overnight (once a day)

What determines the 4-digit account code that a stipend should be budgeted in when you enter an online stipend request?

(a)  

How frequently does commitment control update?

• Overnight (once a day)

• Constantly (up to the minute)

• Every hour

• Daily @ 10am

Only New Fund requests must be justified in a budget proposal.

• True

• False