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The Annual Budget

University of West Florida BUDGET OVERVIEW Board of Trustees Orientation August 29, 2011 Susan Stephenson Chief Budget Officer. The Annual Budget. Board of Governors format Cash Basis Funds in columns E&G -Education and General Auxiliaries Contracts & Grants Athletics Student Activity

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The Annual Budget

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  1. University of West Florida BUDGET OVERVIEWBoard of TrusteesOrientationAugust 29, 2011Susan Stephenson Chief Budget Officer

  2. The Annual Budget • Board of Governors format • Cash Basis • Funds in columns • E&G -Education and General • Auxiliaries • Contracts & Grants • Athletics • Student Activity • Financial Aid • Concessions • Technology

  3. The Annual Budget • Rows: • Revenues • State Appropriations - General Revenue • Lottery • Tuition • Other • Expenses • Salary • OPS • Expense • OCO

  4. The Quarterly Reports • Consolidated Operating Budget Summary and Consolidated Operating Actual Summary – All Funds • Consolidated Operating Budget to Actual pages • Year to Date Comparison for each fund • Comments provided • How often revenue is received • Explanation of types of revenue represented • Amount encumbered • Life to Date Capital Budget

  5. The Color of Money Authorized in Statutes + Board of Governors Regulations = Restrictions and Limited flexibility

  6. Fee Regulation • Ability to change varies • Increases limited or capped in statutes • Typically approved in June for the next Fall • Sometimes done as an emergency regulation • Posted for comment

  7. Questions

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