The Budget Office has many responsibilities including:
An account is usually made up of three identifiable numbers:
It is the combination of Fund/Funds Center/Funded Program that makes up a unique account. You may have multiple accounts for different functions and expenses.
Method of Finance is the name of a certain group of funds that are funded primarily by appropriations and tuition (both statutory and designated). Accordingly, Method of Finance excludes accounts funded by other fees, income generated from sales and services, or restricted gifts and grants.
Method of Finance also includes the Designated Method fund (20000110XX). The operating lines (student wages, travel, maintenance & operations, and capital) for most Method fund centers have been budgeted in Designated Method. Transfers between an E&G Method account and a Designated Method account must be initiated (pre-posted) by the Budget Office.
That depends upon how “budget” is defined.
Plant funds are not part of the operating budget either, since they are not spent on current operations. Even so, the annual funding for capital improvements is an important use of current funds so transfers for capital improvements are included in the operating budget. Include this amount if your definition of "budget" includes capital expenditures.
To see actual operating budgets for current and previous fiscal years, look under the Budget Numbers tab for the Operating Budget webpage.
Copies of the detailed Salary Report are available in the Alkek Library and the Faculty Senate office.
The University charges administrative overhead to all Current Unrestricted accounts except Method of Finance accounts (those accounts funded by appropriations and tuition). This charge ensures that the cost of operating the university is borne by Method and non-Method sources. It is a charge for administrative services such as Information Technology, Accounting, Purchasing, Human Resources/Payroll, Budgeting, Student Business Services, and general administration which are paid by Method.
Our administrative overhead rate is only 3.5% of non-personnel expenses (excluding scholarships). It is like the indirect cost rate charged to grants.