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 expenditures 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 upcoming fiscal year (budget year).
Budgets should be set at the amount expected to be spent in the upcoming fiscal year, not to exceed the sum of cash balance and expected revenues.