Budget Development
Continuing to strategically align the budget with campus’s priorities, and increase the transparency of budget development. Our budgets will be set and finalized via the campus budget preparation process; therefore non-emergency off-cycle requests will not be considered until the next budget development process.
Priorities
Your budget should be designed to support the campus’s 2020 priorities:
- Support for the Student Experience
- Increasing Financial Sustainability
- Advancing Institutional Diversity, Equity and Inclusion
Read the FY 2020–2021 Budget Development Memo to President’s Cabinet
Budget Development Timeline
Developing Your Budget
New this year, divisions will be required to attend Budget Development Training sessions held the beginning of January in order to obtain their budget templates. The training sessions will be conducted by the Budget and Financial Reporting Office and they will provide account managers information and guidance on how to complete the Salary and Spending Plan Budget Templates.
The training sessions will be held:
| Date | Time | Location |
|---|---|---|
| Jan 7 | 10 a.m. | 153C Hawkins |
| Jan 7 | 2 p.m. | 153C Hawkins |
| Jan 8 | 8:30 a.m. | 153C Hawkins |
| Jan 9 | 9 a.m. | 153C Hawkins |
| Jan 14 | 9 a.m. | 153C Hawkins |
| Jan 15 | 2 p.m. | 153C Hawkins |
To schedule your training please contact Sherri LaValley [email protected] or ext. 2228.
Please Note: Due to the presentations size and imbedded videos, you must download it from Google Drive, log in required.
IFR/SUTRA Budget Development
Also new this year, account managers will be required to schedule appointments with the Budget and Financial Reporting Office to complete their IFR and SUTRA budgets. Account managers will be required to come to each appointment with the following materials for each IFR and SUTRA account: Estimated July 1, 2020 cash balance, estimated revenue, expenditures and cash transfers.
To schedule your appointment please select an appointment block in the FY20/21 IFR/SUTRA Budget Development Calendar (log in required).
Include your name and account number(s) for each appointment.
Budget Facts and References
- Fiscal Year 2020/21 Estimated Fringe Benefit Rate 62.39%
- Administrative Overhead Rate 5.6%
- Maintenance Overhead Rate 8.7%
- Minimum Wage $11.80 effective 12/26/2019
- Minimum Wage $12.50 effective 12/31/2020
- Budget Sub-Object Codes
- IFR/SUTRA Budget Development Template