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.