Each department must carefully prepare and monitor its approved budget in detail on at least a monthly basis.

Policy Statement

The budgeting process is critically important to the University and every department must adequately prepare an annual budget for review and approval by University leadership. The University incorporates an automated budgeting process through the eCampus application with multiple dates and deadlines in which steps of the budgeting process must be completed.

Reason for Policy

It is imperative for departments to operate within the provisions of the original budget, which has been reviewed and approved by the Board of Trustees. In this regard, each department must carefully prepare and monitor its approved budget in detail on at least a monthly basis.

Who Is Governed by this Policy

Faculty and Staff

Policy

Refer to the “Budget Preparation Policy” (page 6) in the Financial and Administrative Policies (FARG).

Definitions

This policy does not have definitions associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Forms

This policy does not have forms associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Related Information

This policy does not have related information at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Document History

  • Last Reviewed Date: September 7, 2017
  • Last Revised Date: September 17, 2017
  • Policy Origination Date: Not known

Who Approved This Policy

Robert DeCarlo, Chief Financial Officer & Associate Vice President

Michael J. McLeod, Director of Financial Operations and Associate Vice President

Contacts

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