Budget Requirements - Non-General Fund Accounts
About This Policy
- Effective Date:
- Date of Last Review/Update:
- Responsible University Office:
- University Budget Office
- Responsible University Administrator:
- Vice President and Chief Financial Officer
- Policy Contact:
- Samuel B. Adams
Associate Vice President – Budget & Planning
University Budget Office
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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.