Budget Management

Effective Budget Management at Valdosta State University involves all units of the university. The Budget Services office assists units with the effective use of financial resources to accomplish the mission of the unit and the mission of the University.   Budget Management requires open communication, review, and accountability at all levels of the university. 

At the beginning of the fiscal year the President and Vice Presidents designate a Budget Manager for each budget in the university.  The Department Head is typically the Budget Manager and the critical point for Budget Management.  The Budget Manager could also be a Director, Coordinator, Program Manager, or Project Investigator depending on the nature and size of the unit as well as the source of the funds. 

Register for VSU Budgeting and Financials 101 (log in to your account to register for this class) 

This hands-on training is designed for budget managers and their assistants.  It will focus on the following:

  • Understanding the budgeting process, terms, cycle and funding sources
  • Managing your budget through effective tracking and use of reports
  • How and when to complete a budget amendments
  • Planning for year-end and preparing presentations
  • Knowing your account codes and tips for ensuring payments   

Upcoming Classes

VSU Budgeting 101:Part I

This session is designed to provide a new budget manager and their assistant a general orientation to VSU’s budgeting process. Key items to be covered include:

  • Understanding the budgeting process, terms, cycle and funding sources
  • How the budget process fits with system reviews
  • Where to find information
  • Why transactions are expensed in certain places

Tuesday, September 20, 2016 -3:30-5:00, Student Union Meeting Rm. 2
Wednesday, October 12, 2016-3:30-5:00, Student Union Meeting Rm. 2

VSU Budgeting 101:Part II

Expanding on the information from Part I, this hands-on training is designed to assist budget managers and their assistants with utilizing the Departmental Tracking Worksheet.  Key Items to be covered include:

  • How to set up and maintain your departmental budget tracking worksheet
  • Tips on using the Financial Data Warehouse reports
  • How and when to complete a budget amendment
  • How to estimate your expenses
  • Planning for each budget cycle

Wendesday, September 21, 2016 – 10:30-12:00, Pine Hall Computer Lab Room 107
Thursday, October 13, 2016 – 10:30-12:00, Pine Hall Computer Lab Room 107

Register online: www.valdosta.edu/training or email training@valdosta.edu

 

Valdosta State University Budget Process

Resources for Budget Management

Procedures Governing the Creation and Maintenance of University Departmental Budgets

Any Vice President may request the establishment of a new departmental budget by emailing Antolina Pilgrim, Director of Accounting and Procurement anedwards@valdosta.edu. A departmental budget manager must be designated for each new budget.  This departmental budget manager is critical to the internal budgeting processes of the department. It is his or her signature alone which will be required to manipulate funds within the departmental budget or to authorize expenditures from its accounts, and it is this manager who will be expected to regularly review the departmental budgets and keep members of the department informed.

Routine or clerical tasks associated with budgeting or strategic planning may be given to others under the departmental budget manager’s supervision; however, ultimate responsibility for the budget and planning for the department will remain with the named budget manager.

Should a departmental budget manager be unable to sign a document (vacation, etc), please notify Financial Services in advance via email, Antolina Pilgrim, Director of Accounting and Procurement anedwards@valdosta.edu, of the change in temporary signature authority.  Any individual signing for a departmental budget manager should sign as follows:

                        Jane Departmental Budget Manager by Joe Temporary Signature Authority

Suggested Elements of Regular Budget Review:

  • At the beginning of the fiscal year establish an annual plan for the department’s activities and estimate what resources and scheduling will be required to accomplish their plans.  One tool for the Budget Manager to use is the Department Budget Tracking Worksheet.
  • Review monthly reports, report discrepancies and make amendments
  • Communicate with department members regarding budget priorities and progress
  • Communicate with Dean and/or Vice President to keep them current regarding the changes in needs and the impact for the school’s or division’s goals
  • Meet year-end deadlines for purchases, etc.