FACULTY ASSEMBLY Fall Semester, 2023 Budget
Author : celsa-spraggs | Published Date : 2025-06-27
Description: FACULTY ASSEMBLY Fall Semester 2023 Budget Discussion Todays Discussion How We Get a Margarita Machine the Budget Works Where our money comes from and how we allocate it What are the primary focuses for Budget Development How does or
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Transcript:FACULTY ASSEMBLY Fall Semester, 2023 Budget:
FACULTY ASSEMBLY Fall Semester, 2023 Budget Discussion Today’s Discussion: How We Get a Margarita Machine the Budget Works? Where our money comes from and how we allocate it? What are the primary focuses for Budget Development? How does (or can) our budget incentivize units? Question 1: How the budget works? Translation: How does Public Higher Education funding work, It’s not simple, but it’s also not that complicated Education and General: Instruction, for credit Research Community Services Academic Support Student Services Institutional Support Plant Operations Designated Operations: Instruction, Not for credit Institutes Centers Auxiliary Operations: Student Life Housing Recreation/Athletics Parking/Transportation Dining/Food Service Bookstore Other Activities: Financial Aid Grants/Gifts Capital Projects Independent Operations Ledger 1 Ledger 2 Ledger 3 Ledgers 4-9 Education and General: Instruction, for credit Research Community Services Academic Support Student Services Institutional Support Plant Operations Designated Operations: Instruction, Not for credit Institutes Centers Auxiliary Operations: Student Life Housing Recreation/Athletics Parking/Transportation Dining/Food Service Bookstore Other Activities: Financial Aid Grants/Gifts Capital Projects Independent Operations Ledger 1 Ledger 2 Ledger 3 Ledgers 4-9 Or So You might think Primary Operations: Instruction, for credit Research Community Services Academic Support Student Services Institutional Support Plant Operations Designated Operations: Instruction, Not for credit Institutes Centers Auxiliary Operations: Student Life Housing Recreation/Athletics Parking/Transportation Dining/Food Service Bookstore Other Activities: Financial Aid Grants/Gifts Capital Projects Independent Operations Education & General Primary Operations: Instruction, for credit Research Community Services Academic Support Student Services Institutional Support Plant Operations Designated Operations: Instruction, Not for credit Institutes Centers Auxiliary Operations: Student Life Housing Recreation/Athletics Parking/Transportation Dining/Food Service Bookstore Other Activities: Financial Aid Grants/Gifts Capital Projects Independent Operations Operations Designated Operations: Instruction, Not for credit Institutes Centers Primary Operations: Instruction, for credit Research Community Services Academic Support Student Services Institutional Support Plant Operations Auxiliary Operations: Student Life Housing Recreation/Athletics Parking/Transportation Dining/Food Service Bookstore Other Activities: Financial Aid Grants/Gifts Capital Projects Independent Operations Ledger 1 Ledger 2 Ledger 3 Ledgers 4-9 Primary Ops utilizes all of ledger 1 and most of ledger 2’s funding Why does this distinction matter? How you fund Operations changes or can change, depending on how you classify the operation. Why does this distinction matter? How you fund Operations changes or can change, depending on how you classify the operation. $ $ ish How the “Budget” works (AKA: Budget Process) Depending on the “Operation” the budget process is slightly different Education and General: aka: Primary and Designated or Ledgers 1
