![]() ![]() Unlike the Allocation Entries, these journal entries are variable amounts and can change. Non-Allocation Entries: Journal entries that our office completes that are based on actual financial activity for the university throughout the year. Once established, these amounts rarely change. Journal Entries and Budget TransfersĪllocation Entries: Journal entries that are provided (or charged) to units on a monthly or quarterly basis that are tied to the annual budget process. The office works closely with the Provost's office, Finance, and planning units regarding University budget and planning. The BPA office is responsible for coordinating the annual University budget process, collecting and analyzing data to support the annual budget presented for Board approval, and managing and monitoring the University budget throughout the fiscal year. Our office prepares the final budget recommendations in the form of the Budget Book, and submits it to the Board of Trustees for approval in June.įor a visual representation of these dates, please view our Budget Process Timeline (PDF ). Final budgets are then “locked down” in April/May. Planning units are then asked to revise their current year forecast and future year’s budgets for re-submission in March.Īfter the Spring budgets are compiled, leadership will make final budget decisions communicate any changes to planning units. This revised guidance is provided to planning units in January/February. Financial review meetings provide planning units and leadership the opportunity to review the projected financial forecasts and budget projections.Īfter the Fall financial review meetings are complete, our office, in conjunction with leadership, will revise the planning assumptions and guidance. These materials are returned to our office in October, at which point BPA staff review and compile the University budget. Using our guidance, and unit specific knowledge, planning units provide financial forecasts for the current year, a budget for the following year, and forecasts for three additional years. The annual budget process begins in September with the release of updated models, guidance, and tools for planning units to utilize in the development of their annual budget. To see specific contact information for the BPA office, see our Staff page. We also maintain financial contact information available in the Planning Unit BPA contact list. We also provide direct support to the Budget Partner Group and Budget Planning Council with information and reporting as needed. Our office also provides operational support to the university by creating and maintaining certain allocation journal entries, processing budget transfers, and original budget corrections when needed. We provide support to planning units on the development of their budgets through models, guidance, and budget tools. Position control oversight including processing over 50,000 personnel budget actions in support of campus-wide staffing.The Office of Budget Planning and Analysis (BPA) is responsible for coordinating the annual University budget process, collecting and analyzing data to support the annual budget presented for Board approval, and monitoring the University budget/forecast throughout the fiscal year.Contact point for campus finance leadership and University leadership, as well as OSBM and the UNC System Office for University-wide budget and fiscal research analysis and questions.Formula allocation and budget oversight for facilities and administrative costs of approximately $180 million.Budget oversight for state funds (receipts and appropriations) of more than $1 billion in three state budget codes including Academic Affairs, Health Affairs and AHEC.This office performs all ongoing functional responsibilities including budget oversight and reporting on state funds in compliance with all state regulations and requirements. It serves as a liaison between campus, University leadership and external financial organizations such as The University of North Carolina System, North Carolina Office of State Budget and Management and the North Carolina General Assembly Fiscal Research Division. The Budget Planning and Analysis Office supports the University in informed decision making through financial analysis, budget planning, execution and control. This department reports to the Associate Vice Chancellor for Finance and Budget.
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