Financial Planning & Budgets provides basic information and guidance to all departments/schools and offices of the University concerning the establishment, revision, reporting, administration and control of budgets as directed by the Chancellor, Board of Governors, State Budget Director and North Carolina General Statutes.
Financial Planning & Budgets coordinates the preparation of the biennial budget request and administers those budgets when approved. The office also administers budgets for auxiliary operations, the Chancellor’s allocation of unrestricted gifts and investment income, student fees and overhead receipts. The office plays an integral role in the issuance of bonds to finance self-supporting construction projects and prepares financial projections for auxiliary operations and student fees.
The budgetary administration of state and trust accounts are administered under state budget policy. The nature of each account type determines whether formal budgetary controls are required. Ultimate responsibility for accountability, administration and control of all budgets has been delegated by the Chancellor to the Vice Chancellor for Business Affairs.
The budgetary administration and special policy considerations of Contracts & Grants are covered in the Contracts & Grants section of the Manual.