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Budget & Fiscal Planning partners with academic and administrative leaders, coordinates campus-wide budget and fiscal planning and identifies and facilitates the allocation of resources necessary for the Â鶹ӰԺ campus to excel as a major educational and research university. Through collaboration, we connect ideas, resources and decisions that drive the university’s success.

Our Team

Our Services

Finance and Business Strategy

Budget & Fiscal Planning is a part of the Budget and Finance team within the Finance and Business Strategy (FBS) division. Our office collaborates with campus partners to ensure the Â鶹ӰԺ has a strategic, systematic, and comprehensive approach to all areas of business and financial management.

Learn more about the services BFP offers

Budget & Fiscal Planning partners with academic and administrative leaders, coordinates campus-wide budget and fiscal planning and identifies and facilitates the allocation of resources necessary for the Â鶹ӰԺ campus to excel as a major educational and research university.

Through collaboration, we connect ideas, resources and decisions that drive the university’s success. In pursuit of this, we provide:

Budget Development

  • Partner with units to share best practices regarding budgeting, including internal and external rates/sales
  • Facilitate the resource allocation dialogue, including supporting unique or complex funding requests
  • Draft budgets and assumptions, outline risks and opportunities to enable budget owners at the unit level to make informed, strategic decisions
  • Prepare budgets for chief financial officer approval
  • Determine campus-wide rates for General Area/Infrastructure Recharge (GAIR), fringe benefits, and Internal Cost Recovery (ICR)
  • Facilitate discussions around financial risks and opportunities, and incorporate budget updates from university leadership

Budget Management

  • Track and analyze trends in expenses and revenues
  • Monitor variances and key spending categories
  • Facilitate carryforwards and evaluate the necessity of budget/funding adjustments
  • Monitor commitments and balances to ensure funds are being used appropriately
  • Conduct allocations, Budget Journal Entries (BJEs), Memorandum of Understanding (MOUs), and budget/cash allocations
  • Collaborate with units to right-size continuing and temporary budgets as needed

Forecasting & Modeling

  • Develop funding models to enable strategic initiatives and transitions
  • Develop forecasts of the campus’ financial position, including assumptions, risks and opportunities, and recommendations for changes
  • Forecast key campus reports to the Board of Regents
  • Determine the availability of discretionary funding
  • Provide modeling for tuition revenue and structure

Reporting & Analysis

  • Share best practices for custom reporting and tracking toolkits
  • Establish and add to a presentation library for use by the chief financial officer
  • Provide financial management for special projects