Business plans are a fiscal management and planning tool requested of all campus self-supporting operations that are dependent upon earning income. Entities are asked to submit an updated business plan annually to highlight the financial position of the fund(s)/operation. Please note that this year we are asking units to submit three years of financial projections to encourage longer-range financial planning consistent with university operating fund resource planning.
Presently, business plans are required for:
- Academic Affairs Division
- Early Start Program
- Graduate Orientation Program
- International & Extended Studies (CIES)
- Transfer Orientation Program
- Information Technology Services (ITS)
- Administration & Finance
- Business & Financial Services
- Capital Project Management
- Central Plant (Utilities) Operations & Capital Reserve
- FD&O Fee for Service Program
- Parking Services
- University Police Department (UPD) Other Trust Funds
- Campus Copier Program & Distribution Services
- Athletics Division
- All funds/programs
- Student Affairs Division
- Frosh Orientation Program
- Student Health Center
- University Housing Services
- University Advancement Division
- Tower Funds
- Joint Submissions
- Hammer Theatre (Humanities & Arts / Finance)
Most of the guidelines provided for People Budgeting and Minimum Levels of Budgeting are consistent with the guidelines for business plans, except that self-supporting operations are required to cover all the costs related to salaries and benefits, including compensation increases.
In addition to providing fiscal year budget information, business plans should also include references to operational and/or organizational changes and adjustments. Please see the 2017/18 Call Letter and Business Plan Assumptions Guide for more detail on projected changes for salary adjustments, benefits, and student enrollment data. Also included in the guide is a sample narrative that highlights significant information and changes.
The Budget Office can provide a financial template for self-supporting operations that do not already have a template in use for displaying financial information.
Budgets for self-supporting operations are maintained in CFS. Each year, adjustments to the prior year’s budget are entered via a base budget upload template. The adjusted budget becomes the following year’s recorded budget, which matches the business plan.