Adavico

Budgeting

ADAVICO supports annual award and program planning efforts with the information you need to make timely, well-informed decisions. By providing a clear picture of each endowment's past and present activity, budget officers are able to better manage and allocate resources.

Our software performs annual budget calculations according to your organization's specific policy such as estimated amounts for expenditure, available spending reserves, and year-over-year variances. Capabilities include:

  1. Quantify earnings available for expenditure from each fund in accordance with policy
  2. Calculate variances including budget-to-budget, budget-to-actual, and period-to-period
  3. Identify deficient funds and estimate market return impact on spending reserves
  4. Maintain historical awards and recipients by semester, year, and fund
  5. Track unexpended funds carried forward or returned to principal