2106  BUDGET DEVELOPMENT

Reference:	Board of Trustees Resolution (RFIN 9-82-10) "Report of the 
Student Housing Policy Study Group, Appendix 1" July 1982.

The Board of Trustees has resolved that the housing system should maintain

"fiscal and planning accountability and solvency...thereby serving students 
well and efficiently and fulfilling commitments to the State Legislature, bond 
holders, and the Trustees that housing be self-supporting."

To comply with the Trustees resolution, procedures have been implemented 
to ensure that the housing system provides adequate revenue to meet debt 
service, reserve, and current expense requirements.  Executive Order 551 
provides additional information regarding budget administration.

Unlike the General Fund, Dormitory Revenue Fund-Housing budgets are 
allocated for one fiscal year only.  There are no prior-year ledgers maintained 
in the Dormitory Revenue Fund-Housing.

Annual campus housing budgets are developed in accordance with the 
following schedule.

July	Campus submits revenue estimates for the following fiscal year in 
response to Auxiliary and Business Services coded memorandum.

August	Auxiliary and Business Services prepares campus distribution of 
fixed charges, debt service, and reserves and submits to Budget Planning and 
Administration.

October	Budget Planning and Administration prepares expenditure 
estimates and transmits budget reports to the campus for review and 
adjustment.

November	Budget Planning and Administration incorporates changes 
submitted by the campuses and Auxiliary and Business Services and prepares 
the Governor's Budget which is transmitted to the campuses.

May	Campus submits revised revenue and expenditure estimates in 
response to Auxiliary and Business Services coded memorandum.  The 
revised figures are transmitted to Budget Planning and Administration.

July	Budget Planning and Administration incorporates campus revisions 
and transmits the Final Budget.