Operating Budget Procedures

John P. Kruczek, University Controller

As in previous years, the Operating Budget for 2003-2004 will be posted to FLAIR on or before July 18, 2003. In the event the new year Operating Budget is not installed in the FLAIR by July 18, 2003, available balance override will be authorized to allow all processing to continue until it is posted.

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

Thank you for your cooperation. If you have any questions, please contact Sheela Moudgil at moudgils@ufl.edu or 392-1324.