Employee Budget Turnaround Forms are used for salary recommendations (including distribution of merit fund increases, structural adjustments, promotional increases, etc...) for continuing bargaining unit faculty, professional and salaried staff, department chairpersons, part-time faculty, and post doctoral fellows. Calendar year employees are not included on the turnaround forms. A comments section is provided to add appropriate notes pertaining to released time, sabbaticals, named professorships and promotions. A list of vacant positions is included for verification and notation of any changes in the use of these funds.
Support Funds Turnaround Forms are used to distribute those dollars allocated to Deans and Vice Presidents for support of the units under their administration. The forms include the calculation of the percentage increase or decrease from the current budget based on planned resources available. Any portion of the total funds may be distributed to any account, or an "across the board" allocation may be maintained.
Self-Supporting (2-book) Budgets are developed in much the same way, except that, budgeted expenditures are matched to a specific source of revenue, and, are not to exceed the projected revenues from that source.
Instructions for the FY 91-92 turnaround process are attached. It is important to distinguish between the general guidelines entailed above and the attached instructions specific to FY 91-92. While the process described above is largely consistent from year to year, economic and environmental conditions dictate numerous changes to the fiscal parameters by which resources are allocated annually. Therefore, it is critical that the detailed instructions be read and understood each year.
The chairperson/administrator completes his/her turnaround documents and forwards the budget plan to the budget office. These budgets are then interfaced with the accounting system. Each month the chairperson receives an account statement that enables him/her to keep track of expenditures which are compared to the original budget established for the unit by the chair. The budget developed at the outset of the fiscal year can be changed. This may occur due to a new allocation or a reallocation of funds. These budget changes may be permanent or temporary.
