There are three major budget components:
Capital Expenditures (Capex), New Personnel including Faculty and Staff, and Operating Expenses. Deans and directors submit requests for operating expenses and new personnel. Facilities collaborates with deans and directors to determine needs for building improvements. IT meets with each area to coordinate software and hardware requests, upgrades and renewals. Other equipment requests are submitted by Deans and directors.
Our fiscal year ends June 30 and we begin shortly after the start of the fiscal year.
Deans and directors are proactive in reviewing budgets compared to actual spending to date. The finance department holds quarterly one on one budget meetings.
Monthly budget reports are emailed to deans and directors. Real time access is available via campus cruiser.
The Finance Office sets up access with approval from the deans and directors. IT establishes Datatel and Campus Cruiser logins.
Generally budgets are not adjusted unless there is a significant change in programs. Transfers are only allowed within the three major categories: capex, payroll and operating.
John G. Borden