OperatingBudgetManual2015

Operating Budget Manual – August 2010

C.1 – Campus Financial Management Strategy Along with the Financial Plan materials, campuses are requested to submit a formal Financial Management Strategy to identify their strategy to manage across all funds and how the enacted budget will impact their campus operations. This information provides the necessary information to monitor campus activity and provides a framework for discussions relating to the SUNY Budget Request and SUNY Budget implementation. Campus may be requested to update the Financial Management Strategy during the year. Please keep in mind that when any significant personnel actions are anticipated, whether due to shifting program priorities or other factors, the System Administration Office of Employee Relations and the Budget Office must be involved prior to implementation of any workforce actions. The following is a general guideline of typical information that would be requested with the Financial Plan. • Campus Narrative – This document is generally in a format that fits the campus’ particular need. It should describe the impact of the Enacted Budget on the operations of the campus. Short and long-term actions needed to implement any state support reductions should be included. • Estimated Core Instructional Budget Condition – A campus specific template is generally provided showing known information at the time of preparation. Its purpose is to quantify how any existing budget condition on the campus will be resolved. • Funded Reserves and Planned Use of Campus Balances – Revenue account cash balances often provide the means for program continuation or expansion. It is important that the University be able to provide explanations for the cash balances in Stabilization, General IFR, DIFR and SUTRA. This schedule summarizes the anticipated use of existing cash balances for each Special Revenue Fund. Any assumptions to be used in the preparation of these schedules will be provided with the request for submission of these materials, as well as the expected due date for these materials. Actions included in the Financial Management Strategy should be reflected in the Form 1 submission as well.

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