Budget Management encompasses the functions of Budget Planning, Budget Services and Position Management to provide guidance and assistance to the university community as it relates to effective and efficient use of the financial resources of the institution.
The Budget Planning area is responsible for the annual development of the University Current Fund Budget Plan, maintaining the university budget planning documents, monitoring funds relative to the cash policy, reviewing general funds revenue-generating programs and their distribution of budget. Additionally, the Budget Planning area works closely with the Ohio Board of Regents with regard to the following:
The primary function of the Budgetary Services area is to process budget entries for all current fund types, excluding grant and plant funds. The A123 Recommendation for Administrative Action is maintained and processed by this area, in conjunction with Financial Services. Additional functions administered by this area include:
The primary function of the Position Management area is to create and maintain all positions, ensuring the integrity of the data. As well, Position Budget Control is responsible for the creation of salary and benefit commitments for all funds. Within this process. Position Management ensures sufficient salary budget to cover all positions.