1 / 11

Non-state Budgets

Non-state Budgets. Financial Planning & Budgets http://fsv.uncg.edu/TrustBudgets.ppt. Non-state Budgets. Non-state budgeted fund numbers Why they are handled differently How the budgets are determined How the budgets are modified What happens at June 30 with Non-state budgets.

finian
Download Presentation

Non-state Budgets

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Non-state Budgets Financial Planning & Budgets http://fsv.uncg.edu/TrustBudgets.ppt

  2. Non-state Budgets • Non-state budgeted fund numbers • Why they are handled differently • How the budgets are determined • How the budgets are modified • What happens at June 30 with Non-state budgets

  3. Non-state Budgets • Funding Source Types • Fund Numbers are six digits long • 120000 - 129999 Overhead Receipts • 130000 - 149999 Other Non-State • 200000 - 229999 Contract & Grant (separate workshop) • 230000 - 299999 Restricted Non-State • 300000 - 399999 Auxiliary Admin • 810000 - 819999 Agency

  4. Non-state Budgets Why are Non-state budgets handled differently? • Non-state budgets are funded from other sources: Auxiliary Operations, Fee Supported Accounts, Restricted Non-state • Separate cash fund balance

  5. Non-state Budgets • How is your initial budget determined? Each Non-state fund is reviewed to determine a budget category. The category depends on the source of funds, the amount of receipts collected, and the nature of the expenditures.

  6. Non-state Budget: Initial Budget • Student Activities/Athletics Fee Supported • Budget approved by Provost or Vice Chancellor based on Chancellor’s fee allocation • Cash Basis (account = 239995) • Budget is equal to the unencumbered cash balance from the previous June 30 • Manual Basis (account = 239997) • Budget is a lump sum budget requested by the Provost or Vice Chancellor

  7. Budget Modifications • Non-State budgets are typically modified due to: • Budget Transfers within the fund • Budget Revisions

  8. Budget Transfers • The general rule is that you cannot move budgets into or out of non-state funds; each fund stands on its own; cash can be transferred • Cash basis or manual basis budget transfers are not applicable

  9. Budget Revisions • A budget revision increases the overall availability of budget • Cash basis budgets, a cash transfer from another fund or deposit will automatically adjust overall budget availability • A budget revision (not transfer) increasing the overall budget requires approval of VC or Provost’s office for non cash basis budgets

  10. Year End (June 30) • Cash basis budgets • Since these funds are automatically budgeted, any cash (less outstanding encumbrances) left on June 30 will be in the 239995 pool at the beginning of the new year • Non cash basis budgets • Generally speaking, these funds retain any unspent cash; to spend this cash in the new year, however, a budget must be established

  11. Non-state Budgets Questions? Return to Budget Workshop Home

More Related