As required by State Board of Higher Education (SBHE) NDSU prepares a comprehensive annual budget for all funds. The budget is prepared at the direction of the NDSU President 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. The final budget is reviewed and approved by the President before being forwarded to the University System Chancellor for final approval to ensure compliance with the SBHE guidelines.
Annual budgets must reflect all revenue and expense activity, based on the best information available at the time of preparation. Each department is expected to be responsible for monitoring and reviewing budgets on a regular basis and are responsible for living within their budget.
In general, the annual budgeting process takes approximately 3.5 months to complete, beginning in March and concluding mid-June each year.