Budget & Management Reporting

If you have questions about your budget, you should contact the financial administrator for your area. If you have questions that your financial administrator cannot answer, you can always get in touch with the University Budget and Management Reporting Office.

To find out whether a particular expense is covered by your budget, contact the financial administrator for your area. If you still have questions, please contact the University Budget and Management Reporting Office.

If you have questions about how to read your financial reports, please contact either your financial administrator or Budget and Management Reporting. There is a wide variety of reports that can be provided for you, so if the report you are currently receiving does not meet your needs, let us know.

The University's fiscal year runs from July 1 to June 30.

The fiscal year budget is developed in the spring and approved at the June meeting of the Board of Trustees.

As the end of the fiscal year approaches, you can help the University Finance departments prepare by paying careful attention to your expenditures. If you have committed to any expenses that you think made be paid after June 30, you should alert your financial administrator as well as Budget and Management Reporting.

Expenses that are being paid out of government grants and contract funds must be approved by the Grants Officer. For non-government funded expenses under $100,000, the financial administrator for your division is the authorized signatory.For expenses between $100,000 and $250,000, the director of budgeting and management reporting must approve. Expenses greater than $250,000 are approved by the executive director of financial services. Expenses greater than $1,000,000 require Board of Trustees approval.

You should ask your departmental finance administrator to contact the Budget Office.

Budget and Management Reporting would be happy to help you develop a budget for any need, whether it is a new grant, project, initiative or just particular expenses or income you would like to track separately.

Contact your financial administrator or Budget and Management Reporting.

Contact your financial administrator or Budget and Management Reporting.

We all share the responsibility to be careful stewards of our budgets and to manage all expenses conscientiously. However, in situations where it is necessary to expend funds which may exceed your budget, you should immediately alert your financial administrator. In some cases, you may be required to document and justify the necessity of the expense, and you may be asked to identify a funding source or an account from which funds may be transferred to cover the expense.

The University's current financial system is only able to produce financial reports on a monthly basis. You can usually expect reports from the University's system 2-3 weeks after the end of the month. We are working very hard to introduce new systems that will allow more frequent and more rapid reporting. You can also contact Budget and Management Reporting if you would like help keeping track of your expenses independently.

A general ledger number, general ledger account number, or GL number, is the 11-digit code that is used to identify every financial transaction. The first digit identifies the fund type. The first 8 digits of the number identify your account. The final three numbers are called the object code.

• 0-High Schools
• 1-RIETS
• 2-Manhattan Campus
• 9-Einstein Campus
• Digits 2-4 identify the division, or for restricted accounts the type of restriction (scholarship, chair, program, endowment, capital, etc)
• Digits 5-8 identify the department or the restricted program account
• Digits 9-11 identify the natural account (function)

Object codes are three digit number sequences that identify the nature of financial transactions. Object codes can define expenses, income or other kinds of transactions.

Contact your financial administrator or the Budget and Management Reporting office.

Some University departments provide services to others, such as printing, housekeeping, repairs and maintenance, or graphic design. These departments may bill for their time though the use of intercharges, which appear on your financial reports as expenses.

Please do not provide University financial information to any external parties yourself. Instead, contact Susan Maier, director of budget and management reporting, or Leighton O'Sullivan, director of accounting services. They will handle the request for you.

Prior to hiring a new employee, you must complete a PRF (personnel requisition form) and have budget approval for the position whether it is new or a replacement. The Budget Office must approve all position requests, regardless of budgetary impact prior to the position being posted. When an approved position is filled, the PSF (Personnel Status Form) must be completed and forwarded to the Budget Office for final approval.