Budget


Mission Statement

Lamar University’s Budget Office facilitates the optimal use of financial resources and provides serviceable budget information to the University community and its constituents.


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.