The annual budget is a transition
between the biennial budget and accounting for
how funds are spent. This process provides for
allocation and assignment of resources and sets
the plan for the coming year. The plan is then
placed into the general ledger as the framework
for spending.
Institutional Budget Philosophy:
The annual budget is a plan based
on the best information available at any given
time. Budgets are completed for most types
of funds (appropriated, local, grat/contract,
etc.). EAch department is expected to assume
responsibility for managing the resources assigned
to it. This includes living within funds
available. Deficits are not an acceptable practice.
Annual Budget Overvew:
- The North Dakota State Board of Higher
Education (SBHE) has constitutional authority
for the annual budget; they create policies
and provide direction on an ongoing basis.
- North Dakota University System (NDUS) Staff
prepare draft annual budget guidelines based
on results of the biennial jbudget process
and corresponding SBHE action.
- Higher education institutions across North
Dakota review and comment on the budget guidelines
draft.
- SBHE approves the guidelines.
- UND begins the annual budget process.
- Within the context of existing SBHE
guidelines, institutional decisions are
made by the President in consultation
with the Cabinet. The University Planning
and Budget Committee provides recommendations
on spending priorities consistent with
UND's Strategic Plan.
- Allocation of available appropriated
and local funds is approved by the President
based on Cabinet recommendations.
- University Fee allocation and Student
Technology Fee allocation is approved
by the President based on Committee recommendations.
- Other spending plans are developed,
depending on available revenue.
- Departments prepare spending plans
according to guidelines set above. these
plans include all sources of funds.
- Annual budget documents with narrative
are compiled by the UND Budget Office
and submitted to NDUS for approval.
- NDUS Chancellor approves annual budgets.
Any exceptions to SBHE guidelines must go
back to the full board for approval. Line
item transfers also require SBHE approval.
- UND rolls the approved annual budget into
the general ledger to facilitate tracking
and reporting.
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