Over 1,000 university fund accounts are independently administered by deans, department heads and directors. The consolidated budget plan only reflects an overall estimate of resources available. Nonetheless, university funds are subject to applicable state and university budget administration policies and procedures. The Office of Financial Operations provides a monitoring and reporting function for these local funds accounts. Budget reports are provided regularly to departments.
Department heads are responsible for their review.
FRS produces a variety of monthly account reports that are distributed to fiscal administrators, department heads, principal investigators and other appropriate individuals. The FBM090 Account Statement, the FBM090 Account Summary, and the FBM091 Transactions Report are the most common monthly account-level FRS reports. The FBM090 summarizes budgets, revenues, expenditures, budget balances and other information. Its purpose is to insure sound fiscal management. The budget operations office produces and distributes monthly reports.