Budget Update Resetting the Base November 2019 Background - - PowerPoint PPT Presentation
Budget Update Resetting the Base November 2019 Background Current/Historical Budget Practices at ISU Focus on state appropriation Varied structures for budgeting and expending local funds Need for: Standardized planning,
Appropriated Research Local
State general allocation Personnel Resources Expense Other Operating Expenses
Net Financial Impact
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Other Operating Expenses Personnel
Appropriated Research Local
State general allocation Grants & sponsored projects Tuition, Fees, Sales & Services Resources Expense
Financial Goal
$ 6 M $ 4 M $ 2 M $ 2 M Personnel $ 8 M $ 6 M $ 1 M $ 3 M $ 1 M $ 1 M Operating $ 2 M $ 4 M $ 7 M $ 7 M $ 3 M $ 3 M Total $10 M $ 10 M
Budget Actual Expense Budget Actual Expense Budget Actual Expense
Appropriated Local Total Budget
Reset Base Budget Reset Base Budget
February FY2020 budget presentations and proposals March FY2020 tuition rates and projected revenue Expenditure Budget Development: April UBO budget exercise Collect three years of unit expenditure data May-Oct Reconcile current budgeted positions to payroll Identify budgeted vacant lines Process departmental reorganizations Index mapping UBO, Dean, and budget meetings Chargeback analysis Review and edit budget drafts Oct Reset expenditure budgets distributed to units