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CAO:: Chief Administrative Officer at OISE
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Forecasting Objective

Forecasting at the departmental, divisional, and the university levels is to ensure efficient and effective use of funds, while avoiding deficits.  At OISE, the departmental and unit forecasts are consolidated into a divisional submission and forwarded to Financial Services where it is integrated into the University forecast. 

While requested by central Financial Services, forecasts are also a valuable tool in managing unit, departmental, and divisional fiscal operations.


Components of the Forecast

A completed forecast includes a projected revenue and expense variance.  These two components are then netted to determine overspending or underspending for individual departments/units, which is the expected forecast for that fiscal year.


Deadline for Completing Forecasts


Completed forecast forms are due and to be submitted to the Finance Office based on the schedule below.


Forecast OISE  Submission Deadline
# 1

Wednesday, November 22, 2017

# 2
Tuesday, February 13, 2018 at Noon
# 3

Wednesday, April 11, 2018



Documents Needed to Complete Forecast


Documents needed to complete forecast are located in the right column and include:

Resources available in the right column include:

  • Deadlines
  • Memo from Financial Services
  • Expense Account groupings using OISE categories
  • Forecast Instructions



Assistance is available!

Helpful hints from Financial Services in completing your forecast are available on their website and in the OISE forecast instructions.

Contact the Finance Office or oise.finance@utoronto.ca for additional assistance.







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