Budget Administration

Administration Building, Room 307
Phone (323) 343-3600 | Fax (323) 343-6408

Budget Administration supports the University’s mission by providing strategic financial planning, budgetary development and budget performance monitoring services to the university's academic, administrative, operational, and auxiliary units. It provides advisory and strategic planning support to the University Resource Advisory Allocation Committee (RAAC), vice presidents, deans, resource managers and the campus community. Responsible for all aspects of the University's budget -- planning, development, implementation, management, assessment, and reporting -- Budget Administration also oversees the University’s student aid accounting and financial reporting, cash management, campus pooled investment, and banking services management.

VALUES

  • SERVICE to the university community that is exceptional and exceeds expectations.
  • QUALITY IMPROVEMENT through our unwavering commitment to promoting and creating ways to improve ourselves and our services.
  • PROFESSIONALISM of conduct in a courteous, fair, and respectful manner
  • ACCOUNTABILITY for our decision, actions, and outcomes.
  • HONESTY in our work; providing fair and balanced information
  • TEAMWORK through recognition that excellence is achieved by cooperation, collaboration, and communication.
  • COURAGE to do the right thing, in the right way for the good of the university

ACCOMPLISHMENTS AND STATISTICS

Administration and Finance was the first division to implement Zero-Based Budgeting as part of its comprehensive budget planning development process, resulting in a re-allocation of resources to meet strategic priorities and reduced inefficiencies and redundancies. The Zero-Based Budgeting approach was adopted by other campus division/departments in their budget development process.

  • Formed the Fiscal Resource Group, a divisional financial resource group, to communicate, evaluate and resolve fiscal and budgetary concerns and issues.
  • Lowered the merchant card processing fee rates with service provider, resulting in cost savings for the University.
  • Lowered the banking fees for our auxiliary organization, which saves money for groups like Associated Students, Inc. and Alumni Association, which is expected to save 42 percent per month.
  • Developed and implemented University Internal Financial Aid Guidelines to strengthen the financial disbursement reconciliation, federal drawdown process, and overall program fund management between the Financial Aid Office, Student Financial Services, Business Financial Services, and Budget Administration.