Annual Budget
The Annual Budget Process provides for the collection, development and review of a wide range of information leading to the establishment of the university Operating Budget. The Annual Strategic Budget Process includes, but is not limited to: identification of institutional initiatives; projection of revenue available for recurring budgets; verification of current unit base budgets; verification of current unit faculty and staff personnel position bases; and identification of significant revenue and expenditure issues. The Annual Budget Process supports strategic decision making regarding existing and prospective resource allocations within the context of current fiscal year Strategic Budgeting Principles.
Operating Base Adjustments
A listing of base adjustments approved during the current fiscal year will be sent to the Vice Presidents by a predetermined date. (No further recurring base adjustments will be made to the budget after that date, however, nonrecurring budget adjustments may continue during the current fiscal year). This report should be reviewed closely. If a base adjustment approved during the year does not appear on the list, please communicate the necessary change to the Budget Office.
Budget Request
The Annual Budget Process provides for institutional consideration of: proposed reallocation of current base budgets within and/or between units under a major area; proposed reallocation of current base budgets between major areas; proposed new or amended revenue sources; proposed expansion or reduction of existing programs or services; and proposed new initiatives, programs, or services that are not in the current base budget; and proposals for nonrecurring expenditures for the budget year. Any such proposal is expected to demonstrate and document its relationship to the university's strategic direction and priorities.
Permanent internal reallocations within and/or between units under a major area are generally at the discretion of the major area vice president. At the same time, it is essential that consultation occur among major areas prior to implementation of reallocation initiatives when such initiatives have potential impact beyond the major area considering the implementation of such an initiative.
Any proposed reallocation between major areas is anticipated to be jointly identified by the major areas affected. Such proposals will be reviewed by the President relative to institution-wide implications. All reallocations between major areas must be approved by the President.
In summary, proposed recurring and nonrecurring new initiatives, programs or services, as well as proposed reallocations, are expected to be identified and reviewed during the Annual Budget Process.
Expansion Requests
Expansion requests instructions will be posted by fiscal year for requesting additional funds along with forms for requesting additional central university funding.
Presentation to the Campus Community and Board of Regents
All budget decision making occurs within a broad context of statewide higher education issues and priorities, university strategic directions and priorities, continuing institutional commitments, and constituent concerns. One or more forums are anticipated with the campus community focusing on institutional directions and resource issues impacting the current fiscal year budget. Finally, it is anticipated that the President will present the annual budget recommendation to the Board of Regents for approval at the May board meeting.
