As the Chief Budget Officer, the Provost and Executive Vice-President (Academic) is responsible for the presentation of the University鈥檚 operating budget (unrestricted fund) to the Finance Committee for recommendation to the Board of Governors for approval. The Budget Team develops, administers, and monitors the multi-year, multi-fund budget on behalf of the Provost and Executive Vice-President (Academic). 海角社区鈥檚 fiscal year is May 1 to April 30.
Budget Responsibilities
APB and Financial Services (FS) work closely together to help ensure financial sustainability at 海角社区. The two units have complementary roles and responsibilities, and collaborate with academic and administrative units throughout the budget cycle.
The budget team is responsible for:
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Building the 海角社区 Budget |
Building the budget framework, and collaborating with institutional stakeholders to model annual revenues and expenses |
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Budget Administration |
Monitoring central budgets and activities, and redeploying resources to academic and administrative units |
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Revenue and Expense Forecasting |
Updating revenue and expense expectations on a monthly basis |
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Data Integrity |
Maintaining the University鈥檚 budget data integrity and providing training |
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Budget Policy |
Defining and implementing policies, procedures, and guidelines |
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Continuous Improvement |
Designing and maintaining reports and tools, and troubleshooting integration issues |
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Ensuring Financial Sustainability |
Optimize the use of the University鈥檚 financial resources for current and future year planning. |
to access more information about each process, including budget team responsibilities, unit responsibilities, and available tools and resources.
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Budget Book
The annual budget is built on integrated budget and resource allocation processes that are fully aligned with the University鈥檚 academic priorities. It is developed as part of a multi-year framework for the operating budget (unrestricted fund) and is submitted to Finance Committee for recommendation to the Board of Governors for approval.
