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Budgeting with DAFVM: Management and Processes

Learn about DAFVM budgetary administration, separately budgeted units, and the legislative budget process. Understand operating budget guidelines and comparisons to Banner.

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Budgeting with DAFVM: Management and Processes

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  1. Budgeting with dafvm

  2. Learning objectives • DAFVM budgetary administration • Separately budgeted units • Legislative Budget Process • Operating Budget

  3. DAFVM budgetary administration The faces of budget

  4. Faces of budget • College of Agriculture and Life Sciences (CALS) – Bobbie Baker • College of Forest Resources/Forest and Wildlife Research Center (CFR/FWRC) – Crissy Hathcock • Mississippi Agricultural and Forestry Experiment Station (MAFES) – Anne Cook • Mississippi State University Extension Service (EXT) – Richard Swann and Vicki Vaughn • Office of the Vice President – Bobbie Baker and Lynn Lewis

  5. What is a separately budgeted unit? • Individually budgeted • DAFVM Units: FWRC, MAFES, EXT, and CVM • Balance to the Senate Bill

  6. Legislative budget process • June: Begin entering next fiscal year budget request • July: 5-year Strategic Plan • August: Budget request due on or before August 1 • September: Joint Legislative Budget Committee (JLBC) meets to hear agency budget requests and State revenue estimates. Manpower report due. • November: The JLBC meets to consider the LBR and to adopt the latest State revenue projections. • December: The JLBC meets to adopt the LBR. The Legislative Budget Book is published. • January – March/April – Legislative Session. Appropriations bills are passed near the end of the session. Manpower report due. • February 1 – Capacity Fund Report Due.

  7. Operating budget

  8. March 1 – March 31 : Budget to Banner comparisons • End of April: Yellow Sheets are disbursed for data changes • Mid-May: All Yellow sheets are due to the Budget Office • May 30: Summary of budgets to President for approval • May 31: Analysis submitted to IHL. Operating budget Budget calendar and timeline.

  9. Raises • Legislative Session • Is there a new governor? Operating budget PHASE II

  10. Guidelines: the basics • FTE’s • Titles • 9 or 12 month • Mid-year • Names • Salary • Rehired Retirees/lecturers • Position Numbers

  11. Guidelines: Budget to Banner comparison • Importance • What to change

  12. Guidelines: differences • Graduate Assistants • Faculty Promotions • Educational Achievements • EEO categories • Operating funds • Activity Codes

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