auburnuniversitybudgetingaccounting.pptVIP

AU ACCOUNTING BUDGETING Self Service Banner Uses traditional web browser Easy to use and understand Transaction processing Use for purchase requisitions and budget transfers Approvals routed electronically Query Balances for year-to-date transactions and budgets available Only operating ledger – revenues, expenditures and budgets Overall, limited functionality AU ACCOUNTING BUDGETING Banner Admin Special navigation is required – training is critical Expanded functionality Vendor query Fund (General ledger) information Project basis accounts – construction and grant accounts – gives project-to-date expenses and revenues Query and reports – downloading available Auburn University Budgeting Role of Budget Services AU Budget Process AU ACCOUNTING BUDGETINGBudget Services Auburn University’s annual financial plan is expressed as an annual budget The office of Budget Services is charged with the responsibility for the complete Auburn University budget, including the systems used to develop and track budgets, for all divisions  AU ACCOUNTING BUDGETINGBudget Process Budget Advisory Committee Board of Trustees - tuition increases Legislature - passes appropriation in April Budget Preparation - usually late June through September Currently using online budget development system created by users and programmers at AU Typically an incremental process AU ACCOUNTING BUDGETINGBudget Process Individual colleges/schools and VP areas use the combination of a Banner product, “Salary Planner”, and an in-house developed system called “Stripes” to prepare the annual budget. Budget Services balances and summarizes the budgets for presentation and approval to the Board of Trustees New salaries are loaded into the Human Resource System Total budgets are uploaded into the Finance system New tools were utilized starting in the FY08 budget year AU ACCOUNTING BUDGETINGBudget Year October 1 is the beginning of the fiscal year September 30 is the end of the fiscal year