At VPF, there's no such thing as a "quiet summer." In fact, you can almost hear the numbers crunching in NE49, where multiple teams are hard at work producing the Report of the Treasurer and the Report of Sponsored Research Activity. These two reports for fiscal year 2023 were posted to the Publications page of the VPF website in October.
The Report of the Treasurer is a public document that officially outlines MIT's financial position at the conclusion of the fiscal year. The report consists of a letter to the MIT Corporation from Glen Shor, MIT Executive Vice President and Treasurer, which delves into key financial highlights impacting MIT's financial landscape. It is followed by MIT's Consolidated Financial Statements and a Five-Year Trend Analysis of key financial data.
The Report of Sponsored Research Activity, known as the Brown Book for its tan cover when it was a printed report, offers a comprehensive look at MIT’s research activity. This information is presented for the five schools and the college, the Offices of the Vice President for Research and the Provost, and on a granular level for all of the Institute’s departments, labs, centers, and institutes (DLCIs). The Brown Book is not a public document and is for MIT’s internal use only. Access to it requires a Kerberos login.
The work on these two publications is centered within the Controllership and begins immediately after the fiscal year ends on June 30. This finely tuned publication process engages several VPF units, including the Financial Accounting and Reporting team in the Controllership, the Budget and Financial Analysis team, the Office of Treasury and Planning, the Office of the Recording Secretary, the Business Intelligence team, and the Communications team.
VPF collaborates closely with the Office of the Executive Vice President and Treasurer, as well as the MIT Investment Management Company (MITIMCo), to complete these annual reports.
With these two publications complete, VPF teams turn their attention to fall activities, from apple picking and raking leaves to crunching a new set of numbers, as they close out the books for the first quarter of fiscal year 2024.