Setting Agency Budgets

Budgets for agency accounts are set during the annual Build Your Budget process within the Budget Wizard. The Budget Office has compiled tips and guidelines for setting agency budgets:  

• Each year’s agency budget should be set to align with expected activity for the fiscal year
• Consideration should be given to cash balance and expected revenue for the remainder of the current fiscal year as well as the following fiscal year (budget year)
• Budgets should be set at the amount expected to be spent in the coming fiscal year, not to exceed the sum of cash balance and expected revenues