Budget Control (C-47)
Original Implementation: January 25, 2000
Last Revision: July 17, 2012
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 office 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 office 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 Budgeting and Accounting Responsibilities (C-11)
Contact for Revision: Budget Director
Forms: None
Board Committee Assignment: Finance and Audit