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University Budget Office

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Mission

The University Budget Office provides the primary support and analysis to University leadership in fiscal and budgetary policy development to promote attainment of the University's mission and strategic plan. The Budget Office strives to implement sound budget and management practices in a collegial fashion with the University community and the Commonwealth of Virginia. Collaboratively, the University aspires to prudent resource allocation, public accountability, and creative, proactive 21st century education.

Methods

The University Budget Office is dedicated to assisting University staff in the establishment, maintenance, and prudent oversight of budgets, providing training, financial and statistical information and analyses. We are committed to "customer service" and engaging and responding to our many public stakeholders.

Primary Functions

  • Coordinate all facets of the University's state budget preparation process.
  • Administer University Budget and Financial Management Policy.
  • Manage the University Operating Budget Plan and monitor for conformity with requirements of the Commonwealth of Virginia's Department of Planning and Budget (DPB), the State Council on Higher Education (SCHEV), the Auditor of Public Accounts, and numerous other state and federal requirements.
  • Manage both the budgeting and accounting for capital projects (new buildings and major renovations).
  • Coordinate the budgeting process for auxiliary enterprises and the approval process for supporting revenue plans.
  • Collaborate with Human Resources in the many dimensions and requirements of "position control" comprising 80% of University budget resources.
  • Conduct budget feasibility and execution analyses and monitor institutional performance measures

Overview & Management

Spiral notebook

Budget Development

Working on the computer

Budget Resources

Laptop typing