Budget

There are three primary definitions of a budget at the University:

• The schedule of anticipated expenditures required to perform a specified activity or project, as outlined in a proposal to a sponsor.
• The amount of spending authority awarded by outside funding sources that the University has a legal claim to spend on a sponsored project.
• The account in the University’s accounting system where the revenues, expenditures, and transfers associated with a specific activity, function or entity are recorded.