Monthly Financial Reporting

The Monthly Financial Report (MFR) compares the results of operations between the current year-to-date cumulative amounts and the prior year-to-date cumulative amounts.

UT System Reports
Consolidated reports summarizing the financial condition of the UTHSCSA's current operating funds are submitted to The University of Texas System on a monthly basis. Reports summarizing the consolidated financial condition of practice plan activities are submitted to UT System on a quarterly basis. Instructions, definitions and deadlines for the submission of the Monthly Financial Reports are defined by The University of Texas System Controller's Office.

Management Reports
Oracle’s Hyperion Planning was developed to allow users to monitor departmental finances in order to help meet the overall goals of the UT HSC at San Antonio. Hyperion is intended to provide summarized information of operational activities and budgets for high level analysis that can be used to support decision making efforts. Hyperion reports present financial information consistent with Generally Accepted Accounting Principles (GAAP), as required by the Texas State Comptroller’s Office, and as consolidated for all components within the University of Texas System.

Hyperion is not intended to provide transactional detail typically derived from a data warehouse. Instead, Hyperion presents data in an income statement format that groups revenues and expenses to reveal financial outcomes as either profits or losses (P&L). There are two type of reports required to be evaluated by Executive Committee offices for the departments under their budgetary responsibility. These fiscal year-to-date (YTD) reports should be evaluated at a consolidated, all funds level, as well as for practice plan activities, and must be submitted with deviation and driving force explanations to the Budget Office on a monthly basis.

• YTD Actual-to-Actual variance report
• YTD Actual-to-Budget variance report

Resources
The following resources are intended to assist Hyperion users preparer monthly variance reports. Online budget training classes are required for all new Hyperion users and available to existing users needing a refresher course. In addition, the Hyperion SharePoint site contains resources and important information to assist during the report preparation and evaluation process. Access to this site is restricted to authorized Hyperion users.

• Training Classes:
  Online budget training classes are available at no cost and allow users to learn at their own pace. The online classes can be accessed at any time through the Knowledge Center. After logging in, navigate to the course catalog, expand the Administrative section, and click on the respective launch.
• Hyperion Reporting Overview Presentation
• Hyperion Reporting Training Guide
• Hyperion Reporting Financial Glossary
• Hyperion Reporting Frequently Asked Questions (FAQ)
• Hyperion SharePoint
• Account Groupings
• Fund Groupings