See the new TRAC Guidance
TRAC provides valuable management information to inform decisions about financial sustainability at universities and colleges.
Following the publication in April 2013 of ‘Review of TRAC: Outcomes of consultation and report to the HEFCE Board from the TRAC Review Group’ (HEFCE 2013/09), HEFCE agreed a programme of work led by the TDG to support the streamlining, improvement and revision of the TRAC Statement of Requirements and the TRAC Guidance, for completion by autumn 2014.
Steve Egan, HEFCE Deputy Chief Executive and Director of Finance, said:
‘The TDG has done a good job in producing new guidance that is significantly streamlined and more accessible for users. This will help to reduce the administrative burden of operating and maintaining TRAC in higher education institutions. I encourage all institutions to use the new guidance to help improve the efficiency of their TRAC process and increase the utility they can derive from TRAC.’