Setting Agency Budgets

Budgets for agency accounts are set during the annual budget process. 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