OperatingBudgetManual2015

Operating Budget Manual – August 2010

• A complete description of the items or reason for which the reserve is being made and its relationship to the Reimbursable Program. • The desired estimated value of the reserve as well as the periodic payments anticipated to be committed to the reserve. • The planned years for which the expenditures will be made from each reserve fund. • A campus plan for each reserve fund will be submitted to the University Budget Office as part of the annual budget development and Campus Financial Management Strategy process. Accounting and Budgeting Procedures In accordance with the campus plan, a transfer of revenue from the supporting IFR accounts should be made to the applicable reserve IFR accounts, using the appropriate reserve revenue classes. Allocations should not be established in the reserve accounts. In accordance with the campus plan, the allocation for the planned expenditure should be established in a specially designated account (new or existing) in the year the reserve will be utilized. Revenue from the reserve account should be transferred to the designated account from which the planned expenditure will be made.

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