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FISCAL MANAGEMENT OPERATIONS GUIDE

Budget Process Overview

The first step in the budget process is an evaluation of the University's financial capacity by identifying available resources and commitments, including state appropriations, fees, debt service, fee increases, mandated raises, building costs, utilities, and other fixed costs, thereby determining the funds available for other activities. Secondly, major strategic issues that require special funding considerations such as Strategic Initiatives, compensation packages and other strategic priorities are reviewed by the institution's budget committee. Finally, any remaining funds are distributed after evaluating current operations and considering adjustments for enrollment-related changes in base budgets.