Budget Requirements - Non-General Fund Accounts
Associate Vice President
and University Controller,
Office of the Controller
Accounts within the fund groups of 20-23, 27-29, and 60-66 that incur compensation related expenses or that have a volume of expenditure activity of $30,000 or more each fiscal year must establish an operating budget.
A budget plan, in addition to helping managers with their fiscal responsibility, imparts to others that have a need to review or become involved with the accounts, the fact that there is a definite plan and that all commitments resulting from the plan, such as staff benefits, have been recognized and included.