Annual Budget Timeline
UND, including the School of Medicine and Health Sciences, prepares an annual budget consistent with guidance from the State Board of Higher Education (SBHE). The annual budget is approved by the Chancellor on behalf of the SBHE. To the greatest extent practical, all funds are budgeted (good faith effort) based on information available at the time the budget is prepared. Budgets are adjusted throughout the year, as needed. Deficits are not an acceptable practice.
A variety of inquiries, reports and queries are available for use in reviewing actual fund activity as compared to budget and/or available cash. Examples include budgets overview and budget status reports (both in commitment control) as well as general ledger summary report and trial balance (found in the general ledger). In addition, system edits are available to facilitate budget checking. This provides an automated comparison to established budgets.
Departments are responsible for the accuracy of transactions recorded against their funds and conducting operations within the limit of funds allocated. The on-line access referenced above provides departments the necessary monitoring tools and ongoing training is offered to familiarize new users with the system.
Failure to link the budget to the strategic plan leads to the budget becoming the plan. The University of North Dakota Strategic Plan explicitly identifies how budgeting will be linked to planning.
The following documents were submitted for the Fiscal Year 2012 Annual Budget to the SBHE and were approved by the Chancellor on June 30, 2011:
FY2012 UND Annual Budget
Schedule 1: Appropriation Summary
Schedule 2: Summary of Estimated Budget
Schedule 3: Summary of Changes in Payroll, General Fund and Tuition Revenue Sources
Schedule 4: Summary of Credit Enrollments
Schedule 5: 11/13 Capital Assets Listing
Schedule 6: Annual Budget Narrative
FY2012 Medical School Budget
Schedule 1: Appropriation Summary
Schedule 2: Summary of Estimated Budget
Schedule 3: Summary of Changes in Payroll, General Fund and Tuition Revenue Sources
Schedule 4: Summary of Credit Enrollments
Schedule 5: 11/13 Capital Assets Listing
Schedule 6: Annual Budget Narrative