Handbook of Operating Procedures > Series 400 Budget, Finance and Operations > 4.6.1 Budget Procedures

4.6.1 Budget Procedures

A. Purpose

The purpose of this policy is to set forth the procedures for developing and administering the UT Tyler budget and the responsibilities of its budget authorities.

B. Authority

UT System Board of Regents - Rules and Regulations

C. Persons Affected

All UT Tyler budget authorities.

D. Definitions

Not applicable.

E. Budget Procedures

The Budget Office will:

• Develop and administer the UT Tyler budget in accordance with the Budget Rules and Procedures authored annually by The University of Texas System.
• Provide day-to-day budget maintenance and controls.
• Produce requested financial management reports.
• Serve as a financial information resource for various governmental offices. 

Budget Authorities will:

• Monitor the operations of their accounts and work within the budget limits.
• Know the restrictions applicable to each account and use the funds in conformity with these restrictions.
• Ensure accounts are reconciled on a regular basis.
• Ensure that there are no misstatements or omissions for their accounts. Report any fraud to the Office of Budget and Finance.

F. Review

This Policy shall be reviewed by the Budget Office every year, or sooner if warranted by changes to applicable legislation, the Regents’ Rules, or UT System policy.