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The Budget office is responsible for creating the University's revenue, operating,
capital and salary budgets each fiscal year and managing these budgets throughout
the year. The Budget Office prepares and maintains long range financial planning
models. The budget and planning model reflect the University's goals and Strategic
Objectives.
The Budget Office provides support to all University departments to
help manage their departmental budgets and assess throughout the year any anticipated
variances as compared to the budget. The Budget Office prepares quarterly fiscal
year end projection reports based on actual activity, assumptions, and historical
trends along with department provided information. At fiscal year end, the Budget
Office prepares year end reporting which includes a budget variance report and detail
of budget variances.
All employment requisitions (replacement and new positions)
are approved by the Budget Office prior to Human Resources posting of the position.
The Budget Office works closely with
Human Resources in maintaining position information
along with ensuring that the financial impact of employee changes throughout the
year are captured.
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