Budget Office

The primary function of the Budget Office is to assist in the development, monitoring & execution of budgets for various SUNY Oneonta funds. These funds include Oneonta's State Core Operating budget (Rev Offset), the Dormitory Income Fund (DIFR), General Income Fund Reimbursable (IFR), Summer Session, and Tuition Overflow (SUTRA). We also assist with financial data analysis and reporting, for both internal and external purposes. The Budget Office frequently works with SUNY System Administration staff on budget planning and administration.

In addition, the Budget Office provides managerial information, guidance, and review regarding the allocation and use of SUNY Oneonta resources. Under the direction of the VP for Finance, we provide ongoing analysis of SUNY Oneonta's financial status. The Budget Office reviews expenditure patterns, revenue estimates and personnel service funding requirements, as well as approves and processes all allocation transfers. Budget works closely with IFR account managers in developing their program budgets and monitoring operations throughout the year.

The Budget Office strives to offer efficient and effective service to our customers in the SUNY Oneonta Campus community in all of the functions listed above.

Campus Spending Guidelines for Fiscal Year 2023-24

With the start of a new fiscal year on July 1, the university continues to face budget challenges. The outcome of the New York State budget process was very positive for the SUNY system, with increased support for both operations and capital infrastructure. However, the university continues to deal with lower overall enrollment than we have had in recent years. Given that enrollment is a driver for about 80% of the university’s operating budget, we must always be attentive to the changing enrollment landscape and outlook and its impact on our current and future financial resources.

The Division of Finance and Administration has developed general guidance to fulfill the university’s operations while maintaining prudent management of spending. These guidelines will help sustain our financial position as we deal with the financial impact (this year and beyond) of lower overall enrollment, continue efforts to bolster recruitment and retention, and experience financial pressures such as inflation. Finance and Administration will support the 2023-24 spending environment with robust monitoring of account balances, and spending activity and trends.

The spending guidelines outlined here are expected to continue through June 30, 2024. Any significant change in internal or external conditions may require a change in guidelines, and any such change will be communicated.

Initial 2023-24 budget allocations (a.k.a. “form 1”) are expected to post to departmental accounts in BI- Finance in the late September timeframe. The Budget Office will provide departments with their preliminary form 1 allocation amounts as soon as the campus’s form 1 is finalized for submission to SUNY in late August.

It is the responsibility of departmental account managers to carefully monitor all expenditures and not exceed their available allocation. Finance and Administration will increase its monitoring of account spending relative to allocation, and account managers will be contacted if there are deficits or spending trends that require attention. These communications will include a cc: to the next-level supervisor. If deficits or other concerns remain unresolved, spending from the account will not be allowed to continue, and the VP will be contacted to assist with a plan for resolution.

Departments can purchase general goods and services within the limits of their account allocations, following procurement guidelines for allowable expenses, required price quotes, special purchases, etc. and other applicable policies. (VP approval is no longer required for purchases over $10,000)

The university’s IT Procurement Policy requires advance approvals from the CIO, or designee, for most technology purchases including but not limited to hardware, software, printers, and computers. The policy can be located here: IT Procurement Policy.

Cardholders should review charges and move expenditures to intended accounts daily. This will enable account managers to keep a close eye on account balances as they are approving new expenditures. If accounts linked to p-cards are found to have a deficit balance, the associated p-card may be turned off until the deficit issue is resolved.

Training on p-card use and maintenance is available by contacting the Procurement & Travel Office at Kristine.Palmatier@oneonta.edu, x2699.

Departments must manage travel-related expenses within their budgeted account allocations (VP approval is no longer required to travel). In lieu of traveling, consider opportunities for attending conferences, meetings, or other necessary professional development events virtually when possible. Also consider options for limiting the number of people attending the same event, as well as other ways to reduce travel-related expenses where possible.

Adherence to per diem limits will be maintained for approved travel. Travelers may on occasion find a need to request lodging that is over per diem rates, and this will be reviewed on a case-by-case basis by the Business Office. See the Travel Manual on the Procurement and Travel website for more information regarding travel, including per diem limits and requirements for pre-approvals for over-per diem spending requests.

Please be aware that unanticipated events can disrupt travel plans and introduce financial risk to the traveler. For example, if a planned trip includes a flight, and the trip is cancelled but the airline reservation cannot be, the traveler bears that cost. Or, if a traveler is unable to return for a period longer than intended, they may bear additional expense.

Look to the Budget Office and Procurement and Travel departmental web pages for more information, forms, and for developing FAQ’s. Questions related to spending may be directed to procurementandtravel@oneonta.edu; questions related to budget allocations may be directed to budget@oneonta.edu.

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