Budget Change and Additional Appropriation (C-4)
Original Implementation: Unpublished
Last Revision: January 25, 2011
A budget change may be requested if an income account's actual revenue exceeds its revenue estimate. When this occurs a department may request a budget revision to increase its revenue estimate and expenditure budget. All budget changes in excess of $10,000 require approval of the vice president for finance and administration and the president, and budget changes in excess of $100,000 require approval of the Board of Regents.
The appropriate document must be completed by the originator and approved at appropriate division levels. After division approval, the form will be sent to the budget office. The request will be reviewed, and if appropriate, approved and recorded. If additional information is needed, the originating department will be contacted.
Account managers should verify that the transaction has been recorded in the accounting system.
Cross Reference: None
Responsible for Implementation: Vice President for Finance and Administration
Contact for Revision: Vice President for Finance and Administration
Forms: SFA FormsServer (Budget Office Transaction Request)
Board Committee Assignment: Finance and Audit