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Budget

 


Annual Budget


As required by State Board of Higher Education (SBHE) NDSU prepares a comprehensive annual budget for all funds. The budget process and priorities are discussed and planned by the NDSU President and the President’s cabinet.  The Budget Director prepares the budget at the direction of the President and according to SBHE established guidelines for the annual budget including: room and board, salary and operating, and tuition and fees rates for the upcoming fiscal/academic year.

Annual budgets are prepared and reviewed by units before submission to the Budget Office and must reflect all revenue and expense activity, based on the best information available at the time of preparation.

Budgets are reviewed and compiled by the Budget Director and Budget Analysts to ensure accuracy and compliance with guidelines. The Budget Office prepares schedules, projections and assembles documents and performs a comparison of budget to available funding. The final budget documents are reviewed and approved by the President before being forwarded to the University System Chancellor for final approval.   

Responsibility for monitoring and comparing of budget to actual revenue and expenditures occurs at various levels within the university.  For example, each department is responsible for monitoring and reviewing budgets on a regular basis and are responsible for living within their budget.  

Budget Process


Planning-budget process and priorities are discussed and planned by the President and the President’s cabinet.  In support of the institutional priorities and budget decisions made, the Budget Office updates budget schedules and revenue projections to determine tentative funds available.

Preparation-budgets are prepared and reviewed by units before submission to the Budget Office and must reflect all revenue and expense activity for the upcoming year, based on the best information available at the time of budget preparation.

Review-budgets submitted by units are reviewed and compiled by the Budget Director and Budget Analysts to ensure accuracy and compliance with established guidelines.  The Budget Office assembles documents and prepares schedules, projections and performs a comparison of budget to available funding.  The final budget documents are reviewed and approved by the President before being submitted to the University System Chancellor for final approval.

Monitoring-responsibility for monitoring and comparing of budget to actual revenue and expenditures occurs at various levels within the university.  For example, each department is responsible for monitoring and reviewing budgets on a regular basis and are responsible for living within their budget.


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North Dakota State University
Phone: +1 (701) 231-8204 / Fax: (701) 231-6194
Campus address: Old Main 205
Physical/delivery address: 1340 Administration Ave., Fargo, ND 58102
Mailing address: NDSU Dept. 3170 / PO Box 6050 / Fargo, ND 58108-6050
Page manager: Budget

Last Updated: Wednesday, April 15, 2015 9:39:05 AM