Operating Budget Procedures

John P. Kruczek, University Controller

In accordance with the Standard Practice from the State University System (SUS), the Operating Budget for next year will be installed on the Florida Accounting Information Resource System (FLAIR) effective July 1, 2001. In the event the new year Operating Budget is not installed on the FLAIR by July 20, 2001, available balance override will be authorized to allow all processing to continue until it is posted.

During the month of July, while the available balance checking is not being used, it is imperative that good fiscal management be maintained. Departments should not spend or encumber more than they will be allotted for the next year. Any credit balances that remain after the budget is posted must be corrected before additional spending or encumbering will be allowed.

Thank you for your cooperation in this effort. If you have any questions, please call Ms. Kim Boynton at 392-1324.