The Budget Office is responsible
for preparing both biennial and annual budgets.
University departments have minimal involvement
in the biennial budget process, however are responsible
for developing and managing their respective
annual budgeted amounts.
State Board Requirements:
The North Dakota State Board of Higher
Education (SBHE) requires the University to submit
annual payroll and operating budgets as well
as biennial budgets. These budgets are developed
consistent with SBHE guidelines. The budgets
represent a comprehensive financial plan for
the institution, and as such, they include not
only state funds, but also local funds, auxilliary
funds, and grand and contract funds for both
the University and the Medical School.
Budget Preparation
The preparation of the indivicual budget
documents vary slightly but generally fall into
the following steps:
- Planning - Early in the
budget cycle, discussions regarding the budget
process and priorities occur. The University
Planning and Budget Committee, Council of
Deans, and President's Cabinet are consulted.
In support of the budget decisions that must
be made, the Budget Office updates budget
schedules, revenue projections, and various
fee/recharge rates, as well as determining
tentative funds available.
- Pending Budget Needs - Budget
requests are received from various departments
or divisions through their respective Vice
President/President on an ongoing basis.
These requests are tabulated by the Budget
Office in a pending needs list. This list
is used to identify current needs as resources
become available at various times during
the year.
- Review - Budgets are reviewed
by the Budget Office Budget Analyst to ensure
accuracy and compliance with SBHE guidelines.
A comparison of budget to available funding
is also performed.
- Department Preparation - Upon
completion of the review process, the final
budget documents are assembled by the Budget
Office and are distributed to the appropriate
board, agency, or individual.
- Monitoring - Comparison
of actual revenue and expenditures to budget
occurs at various levels within the institution.
See "Budget Monitoring" below for additional
monitoring infomation.
Failure to link the budget to the strategic
plan leads to the budget becoming the plan.
The University of North Dakota Strategic Plan
explicitly identifies how budgeting will be linked
to planning including the role of the University
Planning and Budget Committee. View the budgeting
outline from the complete UND Strategic Plan,
or see Linking Budget to Strategic Plan for
more general information.
Follow the following links for additional
budgeting information:
- Biennial Budget Information
- Annual Budget Information
- Monitoring Budgets
- Linking Budget and Strategic Plan
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