蜜桃影像

Budget Office

Our Mission...

The mission of the 蜜桃影像 Budget Office is to lead and collaborate with senior leadership and financial managers across the university in the design and management of the 蜜桃影像 Board of Trustees' approved budget.

The Budget Office function consists primarily of the following activities:

Annual Initiatives:

• March/April: Distribution and review of the Ledger 2 (largely fee-based budgets) and Ledger 3 (auxiliary and allocated central overhead operations) budgets in collaboration with respective financial managers
• May/June: Preparation of the Annual Budget for Board of Trustees' approval
• August - October: Preparation and transmittal of the University's Resource Allocation Management Plan (RAMP) in accordance with IBHE guidelines
• November/December: Preparation of the annual Governor's Office of Management and Budget document for consolidation with the statewide higher education system proposal from the Governor
• February: Preparation of the Illinois State Legislature Budget document (ISL) for transmittal to House, Senate, GOMB, IBHE, Board of Trustees, and President's Council

Ongoing, Daily and Other Recurring Activities:

• Tuition modeling, revenue and expenditure forecasting, and fund balance forecasting
• Position control monitoring, processing of related budgetary changes, and adjusting related reserves
• Review and processing of budget adjustments via transfers
• Deficit-control monitoring
• Financial manager training
• Ad hoc analysis involving managerial accounting as applied to the university context