Budget Office

The budget office is responsible for developing, overseeing, and managing the university’s consolidated Operating and Capital budgets. The office is also responsible for the day-to-day financial management of central administrative departments.

Key Responsibilities Include

– Developing the workflow, dates, and deliverables for the annual budgeting process

– Oversight and calculation of funds to be distributed from the endowment in line with policy

– Managing year-end adjustments for central administration, including closing journal entries

– Review and approval of budget changes for central administrative departments during the year

– Stewarding the Responsibility Centered Management (RCM) budget model and changes to cost allocations

– Ensuring core operating revenues receive board approval, such as tuition, fees, room, and endowment distribution rates

Annual Budgeting Information

Details about the annual budgeting process are provided to budget managers through the University’s budgeting system, including important dates, links to training, and key deliverables.

UR Budget Logon | UR Budget (rochester.edu)

What Is a Budget?

A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.

Budget Definition: Corporate & Personal Budgets (investopedia.com)

 

Contact the Budget Office

Email: budgetoffice@rochester.edu