1.2.1.5 Year-End Processing

DESCRIPTION

Certain budgeting functions must be addressed at the close of each Fiscal Year.  Each year the University Budget Office produces the Budget Performance Report.

POLICY

The Budget Performance Report is a report of total operations by unit, including final operating budget, expenditures, encumbrances and unencumbered balances for General, Auxiliary, and Designated Funds.

The University Budget Office must also review balances brought forward from the prior fiscal year, both encumbered and other.