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A Cabrini coach with student athletes

Budgeting

The Business Office at Cabrini University coordinates budgeting with other departments, Human Resources, Cabinet, and the Budget Advisory Committee.


Budget Terms

Budget Manager: individuals—most often directors, department chairs, and vice presidents—who have signature authority over departmental budgets

Organization Code: a departmental budget code

Account Code: a type of expenditure, e.g., office supplies

Budget Increases: projected expenses that relate to new personnel, supplies, or services not currently in the operational budget

Fact-based Expenses: expenses that occur largely out of Cabrini’s control, or at least without major changes to the working environment

  • Utility cost increases
  • Health insurance increases
  • Promises made to an accrediting agency
  • Contractual obligations from Follett, CSI, Sodexo, Drexel, and others

Revenue Center Managers/Forecasters: individuals responsible for providing revenue forecasts


Budgeting Timeline

Budget Timeline and Process for 2019-2020 (FY2020) Annual Budget Planning

Annual Calendar

 

  • Request preliminary forecast projections, templates distributed
    • New and returning student projections, financial aid projections
    • New programs identified
    • Staffing forecasts
    • Revenue forecasts
      • Enrollment
      • Housing
      • Endowment
      • Institutional Advancement
      • Facilities Rentals
      • Other
    • Pro-forma’s directly related to new revenue-generating programs (on-going)
    • Forecast projections due back to Business Office
      • Meeting scheduled to review forecasting submissions
        • Revenue forecast meetings with Academic Affairs and Enrollment
        • Staffing meetings with Academic Affairs and Human Resources

November

 

December

  • Review and Approval of Budget Process by Cabinet

 

January

  • President’s budget memorandum focusing on institutional priorities and “must do” initiatives is released to Cabinet and budget managers
  • Preliminary review of forecast with Board of Trustees

 

February

  • Budget reports sent to each vice president for further distribution to budget managers
  • Salary reports sent to each vice president
  • Revenue center managers submit any revenue forecasts updates to the Business Office
    • Budget managers submit preliminary submit budget reallocation, capital, and revenue-generating program requests to their Vice President (Feb 22, 2019)
      • Vice presidents refine/clarify budget to ensure conformity with institutional priorities
      • Vice presidents submit requests from their respective area to Assistant Director of Budget and Financial Planning (Feb 28, 2019)

 

March

  • Finance area conducts meetings with each vice president regarding their budgets
  • Requests analyzed and further refined relative to current projections
  • Budget request package developed for board presentation

2020 ROADMAP:
Vision. Impact. Growth.

Discover Cabrini University's strategic plan for diversification, sustainable growth, and expanded outreach.