Combination of an institution's personnel, operations, and capital projects expenses.
What is Annual Budget?
100
Some income that comes to an institution that has specified purpose.
What is Restricted Funds?
100
July 1- June 30.
What is Fiscal Year?
100
Monies paid by enrolling students.
What is Tuition?
100
The 12th month of the annual cycle where the budget is finalized for the next cycle.
What is Close-Out?
200
This method asks presenter to build the budget from zero.
What is Zero-Based Budgeting?
200
Available from government and private sources. Often available through application to publicly announced program.
What is Grants?
200
A donation that creates income for an institution.
What is Endowment?
200
Fund arriving as "gifts from either public or private sources, usually for a specified purpose.
What is Grants?
200
These are any monies paid out by the institution, ranging from salaries to electricity.
What is Expenses?
300
A subunit of the budget, devoted to high-cost items such as, new buildings or lab equipment.
What is Capital Budget?
300
A tip or trick used to make an everyday task easier.
What is a Life Hack?
300
Income that comes to an institution that has specified purposes.
What is Restricted Funds?
300
Monies paid to the institution for particular services rendered.
What is Contracts?
300
Monies given to an institution that may be spent as the institution sees fit.
What is Unrestricted Funds?
400
This is the process in which both authority and responsibility are transferred to the unit level.
What is Responsibility-Centered Budgeting?
400
The best Leadership and Change Management professor!
Who is Dr. Reeves?
400
Involves monies devoted to paying people!
What is Personnel Budget?
400
Funds raised by the institution and matched by a donor.
What is Matching Funds?
400
A short message of wisdom based on experiences and education.
What is a sermonette?
500
System most commonly used in formulating the next fiscal budget. Uses current year's budget and adjusts for the amounts requested.
What is Incremental Budgeting?
500
In federal grants, an agreed percentage of the monies received may be transferred to the institution's general operating budget. Used to pay facility costs and other regular costs.
What is Overhead?
500
Monies devoted to running the institution (excluding salaries).
What is Operating Budget?
500
Monies paid by students for access to particular services not covered by tuition.
What is Fees and Services?
500
Request form that a department fills out, asking that the institution's accounting office pay a particular departmental bill.