The Chancellor prepares a proposed campus-wide budget request after consultation with the Vice Chancellor for Managerial and Technological Services, the campus Cabinet, and faculty members, and submits it to the President of the University of Missouri System, who then prepares and submits a total UM System budget request to the Board of Curators. The Board submits the UM System budget request to the Governor who refers it to the Missouri Legislature. Once an appropriation for the UM System is approved by the Legislature, it is sent to the Governor. Following approval by the Governor, the appropriation for the UM System is reviewed by the Board of Curators and an internal Operating Budget is established for each campus. The Chancellor of each campus is responsible for all funds allocated to the campus.
Instructions govern the types of purchases and expenditures.
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