About Us
Mission Statement
The Budget Office provides strategic financial leadership that ensures the University’s resources are allocated effectively to support its educational, research, and public service goals.
We support the University community in the development and implementation of our annual operating budget, administer various management/compliance reports, and participate in strategic planning for operating and capital activities. Committed to continual improvement, we leverage innovative methodologies and technology to deliver accurate, accessible, and timely financial information for informed decision-making.
Roles / Responsibilities
- Prepare the biennial Legislative Appropriations Request (LAR).
- Prepare the University annual operating budget, including all supporting schedules.
- Daily operations include maintaining revised budget by processing approved budget changes throughout the year.
- Participate in the strategic planning process on budget-related matters.
- Coordinate budget systems and procedures with Payroll, Human Resource Services, Accounting and Financial Management, and other applicable departments.
- Prepare various financial tables, reports, comparisons, and impact studies on proposed and actual legislation
Goals and Objectives:
Goal 1: Resource Management and Reporting
Objective 1 -Develop budgets that control funding for major capital, repair and renovation, and construction projects.
Objective 2 - Present budget data in a transparent format that is widely accessible to the University community and its constituents.
Objective 3 - Provide accurate and prompt reports and information to the University community regarding budgetary and other selected financial reports.
Objective 4 - Prepare the annual operating budget for approval by the Board of Regents.
Objective 5 - Prepare the biennial Legislative Appropriation Request and all supporting documents and requests for the legislative session.
Objective 6 - Implement and maintain the University's annual operating budget and handle budget adjustments throughout the year.
Goal 2: Planning
Objective 1 - Provide timely and transparent forecast information (single scenario with fixed assumptions).
Objective 2 - Develop financial models to enable decision-makers to compare and analyze multiple scenarios with variable assumptions.
Goal 3: Innovation-Continual improvement in methodologies and increase resource availability
Objective 1 - Optimize long-term financing opportunities for capital projects.
Objective 2 - Model the cash flow of multi-year projects.
Objective 3 - Standardize data collection used in tuition modeling and reporting requirements.
Objective 4 - Remove line items from the budget document.
Objective 5 - Continue to automate the budget process and enhance technology offerings.
Objective 6 - Minimize the use of external databases/spreadsheets in analyzing data.
Objective 7 - Participate in and support the development of non-financial data warehouse information to assist academic units in decision-making.
Budget Office Contact Information
Location:
Main 106
110 Inner Campus Dr.
Austin, Texas 78712
Address:
Budget Office
The University of Texas at Austin
110 Inner Campus Dr.
Campus Mail Stop G0600
Austin, Texas 78712
Phone:
512-471-3727
Fax:
512-471-7742