Custom Model Development
Computer Financial Modeling Workshops has assisted many institutions
with custom development of a Five Year Budget Model. The basic model is
customized to meet the needs of the organization. Individualized
assumptions sheets are created for these models. The revenue and
expense part of the Five Year Budget Model is customized to include the
account structure of the institution's general ledger database. Special
codes are usually added for budget officers to make possible reporting
by area of responsibility. Assumptions are developed for revenues and
expense. A department detail sheet is prepared that includes all line
items for each department. In some cases position budgets are prepared
and linked to the department detail sheet. Other institutions have
included restricted budgets and special divisional sheets for the
model. Various reports are prepared including a budget summary,
department summary, object reports, position FTE and headcount, graphs,
ratios, financial position and many more. The cost of a custom model is
determined by the complexity of the project. In most cases a very
reasonable fixed price can be quoted.