Budgeting Model
The university uses an incremental budgeting method for budget planning. The prior year's base budget is updated for permanent changes throughout the fiscal year including funding for new initiatives, and the impact of enrollment changes.
Salary increase pools are developed based upon the frozen April 1 permanent base budget and approved guidelines.
Salary increase decisions are made at the departmental/college level with consideration to annual performance evaluations.
Final approved salary increases are implemented into the Budget Prep system. Benefits are distributed based on the final salary budget distribution.
Non-personal expenditure changes are limited to new allocations or a reallocation of the existing budget.
Revolving and Auxiliary operations are dependent upon generated revenues.