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The Annual Budget

Learn about the university's annual budget, quarterly reports, and fee regulations presented to the Board of Trustees Orientation by Susan Stephenson, Chief Budget Officer.

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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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