All Funds Budget Business Affairs Committee March

Transcript:All Funds Budget Business Affairs Committee March:
All Funds Budget Business Affairs Committee March 25, 2022 All Funds Budget An initiative by the UNC System to encourage best practices in budgeting across the System by requiring increased transparency for fund types that have historically not been part of the Board of Governors’ annual review. 3/9/2022 Board of Trustee Business Affairs Committee All Funds Budget (cont.) Forward‐looking plan of all expected revenues and expenses Generally, cash‐based and includes inter‐ departmental transactional activity Increased focus on unrestricted fund sources and related uses Accommodates strategic planning and provides transparency in allocation decisions 3/9/2022 Board of Trustee Business Affairs Committee All Funds Budget (cont.) By requiring a more robust review of all institutional resources, this process will provide a structural foundation for the execution of the System’s strategic plan and the strategic plan of each constituent institution. 3/9/2022 Board of Trustee Business Affairs Committee All Funds Budget Instructions Required components to be summitted by May 4, 2022 Budget Template University Level Budget Funds included - General, Auxiliary & Other Trust , Overhead receipts, restricted trust College and departmental unit budgets Narrative – 2 pages, impact to strategic priorities Campus process checklist Approval by Board of Trustees 3/9/2022 Board of Trustee Business Affairs Committee Strategic Priorities System-wide goals Access, Affordability and Efficiency, Student Success, Economic Impact and Community Engagement, and Excellent and Diverse instructions Intuitional - 2021-2022 Bridge Strategic Plan Campus Health, Safety and Well-being, Academic Excellence, Financial resources, Diversity, Equity and Inclusion Improved Efficiency Financial Sustainability and Enterprise Risk 3/9/2022 Board of Trustee Business Affairs Committee All Funds Budget includes General Fund State Appropriations Tuition Auxiliary & Other Trust Funds BOG Approved Student Fees (Ed &Tech, Debt Service, Athletics, Health, Student activities, Campus security, ,etc.) BOT Approved Fees -Housing, Dining, Book Rental and Transportation, Parking Fees Other Sales and Services - Sales Bookstore, Athletic Tickets and Guarantees, etc. Overhead Receipts Restricted Trust Grants 3/9/2022 Board of Trustee Business Affairs Committee Funds excluded The following funds are not included in the All Fund Budget Foundation Endowment App Housing Corp Bond proceeds Capital construction cost 3/9/2022 Board of Trustee Business Affairs Committee Organizational Unit Budgets Academic Units College of Arts and Science College of Business College of Education LAB Schools College of Health Science College of Fine and Applied Arts School of Music Academic affairs Student Affairs Library Sponsored Research Administrative Units Financial Aid University Administration Business Affairs Facilities Human resources Information Technology