BUDGETING, PLANNING, REPORTING, AND ANALYSIS

Budget Revisions

Guidelines regarding budget revisions can be found under Budget Control Policy Number 501.

Revisions within Functional Area

a. Tennessee Tech may make budget revisions within a given functional area at the campus level. i. The following procedures are used to complete a Request for Revision in Budget form when it is necessary to transfer funds between index numbers or account codes within an index number: A Request for Revision in Budget form is initiated by the department/unit, signed, and forwarded to the appropriate dean or administrative officer for approval.

ii. Once approved, all changes from academic areas are forwarded to the Provost for approval. Revisions related to non-academic areas are forwarded to the appropriate vice president or designee for approval.

iii. The Provost or appropriate vice president then forwards the approved request form to the Budget Office.

iv. If approved by the Budget Office, the Request for Revision in Budget form can be viewed by the requesting department/unit via the Banner Document Management System. No copies are returned.

v. If approval is not granted, the Budget Office will return the Request for Revision in Budget form to the requesting department/unit.

 

Revisions between Functional Areas

a. Budget revisions from one functional area to another that exceed 1% of total expenditures must receive prior approval of the President or designee if proposed at other than the three regular budget submission times.

b. The request for revision should be submitted by the appropriate Vice President in writing with a detailed explanation.

 

Revision of Overall Expenditure Total

a. Budget revisions to one or more educational and general functional areas that increase the overall educational and general budget must receive prior approval of the President or designee if proposed at other than the three regular submission times.

b. The request for revision should be submitted in accordance with item C. 2. above and should include the source of funding for the proposed revision.

 

To learn more about budget revisions, please attend General Budget Training. Click here to sign up for a Teams training session.