The University’s operating budget has many roles. Primarily, it is a mechanism for distinguishing University priorities and a plan of action for achieving the University’s long-range objectives. The budget, while based on a number of assumptions relative to revenues and expenditures, provides a comprehensive written document both controlling University actions and demanding accountability.
The University operating budget encompasses all current funds. Current funds are identified as either unrestricted or restricted. The unrestricted funds are further delineated between education and general funds, and auxiliary enterprises. The budget shows the source and amount of funds the University expects to receive through normal operations and how those funds will be expended.