THE BUDGET

The functions of the Budget Department include the following: directing the preparation of the university\'s annual operating budget; providing advice and technical assistance with cost analysis, fiscal allocation; examining the university\'s budget estimate for completeness, accuracy, and conformance with procedures and regulations. The Budget Department is also responsible to summarize the university\'s draft budget and submit it to the Ministry of Finance for approval or disapproval of funds requested; analyze quarterly university budgeting and accounting reports to maintain expenditure control. Also, the Budget Department has the institutional mandates to seek new ways to improve efficiency and reduce unnecessary expenditure; and institutes appropriate measures for necessary increases or cuts to the overall budget or specific units of the budget.

The Department of Budget reviews all of the university’s programs budget for accuracy, completeness and consolidate the same for submission to the Ministry of Finance and Development Planning, and prepares the University’s spending plan within the university budget ceiling given by the Ministry of Finance and Development Planning.