Internal Budget Process

The annual internal budget process includes analyzing existing budgets and trends, assessing and planning for future needs, and setting opening budgets that align with the needs of the University for the coming fiscal year. The Budget Office works with fiscal managers to establish opening budgets according to expected expenditures by operating category (umbrella), such as equipment, commodities, contractual, etc. Each spring, fiscal managers set personnel and operating budgets for the upcoming fiscal year. The Board of Trustees considers the fiscal year internal budget at the October board meeting each year. 

Budget Planning Process