What is BFP?
BFP stands for Budget and Financial Planning (often called the Budget Office). BFP reports directly to the Senior Vice-President/CFO and is a separate department from Financial and Accounting Service (FAS). This structure allows BFP to better focus on budget development and reporting, as well as forecasting (for current and future years) and trend analysis. BFP handles all questions/issues regarding current and future budgets, costing/sizing of new programs, as well as requests for additional funding (i.e. for strategic initiatives). Budget adjustments are also handled through the Budget Office. Questions regarding posted revenues and expenses, corrections/JEs, and account code issues need to be directed to FAS.
