Budget Control (C-47)
Original Implementation: January 25, 2000
Last Revision: July 21, 2009
The primary responsibility for budget control resides with each account manager. Secondly, the department head or supervisor of each account manager is responsible for requiring sound budget practices.
The budget director will monitor current and plant funds accounts, excluding restricted contract and grant funds within the current funds category. If a department's expenditures exceed its budget, the budget director will notify the department to process a budget transfer, fund transfer, or expenditure transfer.
The university’s financial system provides a budget check for funds during the requisition process. If funds are not available in the account, the budget director may authorize an override pending a budget or funds transfer.
Source of Authority: Vice President for Finance and Administration
Cross Reference: Departmental Accounting Responsibilities Policy, Index C-11
Contact for Revision: Budget Director
Forms: None