Budget
The
Budget Request for Operating and Capital Funds contains requests for
incremental operating funds and for new capital appropriations for the
University of Illinois for the requested fiscal year. These operating
and capital requests reflect the University’s highest priority budget
needs, focusing on the University’s mission of instruction, research,
public service and economic development. Following Board action, these
requests will be submitted to the Illinois Board of Higher Education and
State agencies for review.
The Budget Summary for Operations presents all University-level budget amounts by source of funds and object of expenditure.
The BSO executive summary is divided into two major sections.
The section titled “University Revenue Budget” defines the sources of
University operating revenue, details the budget by those revenue
sources, and analyzes the change in revenue from the prior year. The
section titled “University Expense Budget” defines and details the
budget by expenditure category. Detailed campus budget schedules follow
the executive summary and provide budget year and prior year revenue and
expense information:
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Schedule A: Details campus-level revenue by fund source (e.g.,
State, institutional, gift/endowment, etc.) and expense by fund type and
function (e.g., instruction, research, student aid, etc.).
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Schedule C: Lists budgeted expenditures by college-level organization and function (for budget year only).
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Schedule D: Provides department-level detail of State and
institutional fund budgeted expenditures and presents a more detailed
breakdown of college-level restricted fund expenditures than is
available in Schedule B.
Schedule A, Schedule B, and Schedule C are campus-level
schedules (one of each per campus) whereas Schedule D is college-level
and each campus has multiple Schedule Ds.
Three appendices follow the campus budget tables; the first provides
critical dates in the budget process; the second provides a summary of
the Board of Trustees requirement for prior Board approval of specified
budgetary transactions, the delegation of authority for specified
budgetary transactions, and the required Board reporting of budgetary
activities; and the third provides a glossary of terms.