Budget
Mission Statement
Lamar University’s Budget Office is to facilitate the optimal use of financial resources and provide serviceable budget information to the University community and its constituents.
Budget Links
- Budget Change Request Form
- Self Service Banner Finance Training
- Self Service Budget Transfer Instructions
- Fund Accounting
- Operating Budget FY 2019
- Position Number List by Index
- LU Budget Calendar
- F3.2 Approval Route per Action Type
- Budget Development User Guide
- Salary Account Code List
Budget Cycle Forms
Goals and Objectives:
Goal 1 - Resource Management and Reporting
- Objective 1 - Develop budgets that control funding for major capital, renovation, and construction projects.
- Objective 2 - Prepare the annual Operating Budget for approval by the Board of Regents.
- Objective 3 - Prepare the biennial Legislative Appropriation Request and all supporting documents and requests for the legislative session.
- Objective 4 - Implement and maintain the University's annual operating budget and evaluate budget adjustments throughout the year.
Goal 2 - Planning
- Objective 1 - Increase interdepartmental knowledge by identifying relatable budget data for strategic resource allocation.
- Objective 2 - Develop financial forecast models enabling decision-makers to compare and analyze multiple scenarios with variable assumptions.
Goal 3 - Innovation
- Objective 1 - Standardize data collection used in tuition modeling and reporting requirements.
- Objective 2 - Continuous improvement in budget cycle methodologies and modules to maximize resource availability.
- Objective 3 - Minimize the use of external databases/spreadsheets in analyzing data.
- Objective 4 - Participate in and support the development of non-financial data warehouse information to assist academic units in decision-making.
