Institute An organization for advanced study, research, and instruction in a restricted field, organized in connection with a university. For UT System components, the LAR is submitted via UT System for consideration by the State Legislature. Each LAR covers a two-year period. Operating Budget Budget prepared annually by each organizational unit of the university that documents both the human and monetary resources required to maintain the unit's programs for the following fiscal year. Annual operating budgets are prepared by units to tie directly to the unit's operating plan for the corresponding fiscal year.
Executive management reviews each unit's operating plan and determines budget resource allocations.
Operating Plan Plan prepared annually by each organizational unit of the university that documents the unit's goals, objectives, programs, and strategies for the following fiscal year. Plans also list resources needed to maintain identified programs. Plans are normally prepared and submitted for executive management review during the early spring of each year. A distinct academic or service entity within the university. A fundamental truth, law, doctrine, or motivating force, on which others are based.