BUDGET

William D. Maki - Vice President, Office of Finance and Administration

wmaki@bemidjistate.edu

218-755-2012; Deputy 349

The University begins to develop its next July 1 - June 30 fiscal year budget in January and February. The
Board of Regents of the Minnesota State Colleges and Universities, based on enrollment forecasts submitted by
the state universities, develops system-wide tuition receipt estimates and incorporates them with anticipated
state appropriations.

 An overall system-wide spending plan is developed with allocations divided and distributed among the campuses consistent with existing credit hour oriented formulas. These preliminary  allotment totals provide each member of the Minnesota State Colleges and Universities with a spending ceiling, an amount it must not exceed as it determines internal allocations.

The President is ultimately responsible for the use of University resources and expenditure of all funds. The Vice
President for Academic Affairs is responsible for allocating funds to the specific colleges. The deans of the
colleges are responsible for directing funds to their specific departments. Questions concerning allocation of
department funds should be directed to the specific chairs.