Budgeting

The University’s fiscal year begins on July 1^st and ends on June 30^th. The annual budget for fiscal year controlled funds is prepared using the budget tool, Workday Planning. The position update sheets are used to enter and manage position, employee, and related compensation information. The compensation totals feed to the Fin Plan update sheet which is used to project an all funds budget of revenue and total expenditures. This planning occurs at the chartfield level within each college/school/divisions.

Workday Planning training sessions and materials

FY23 MU Budgeting guide

FY23 MU FIN basic guide

FY23 MU Compensation basic guide

Security Requests:

Individual budget security request form

WP bulk security request form

Request manual add items (position, emplid, deptid or program) form

Transfer procedures:

Budget Transfer Upload

FY23 assumptions

Name	Rate
General Revenue Allocation	Variable
Benefit rate on compensation Per Person Benefit Pay Based Benefit         FICA	10,000 16.15% 7.65%
Institutional support rate	4.8445%
Endowment income	7.3%
Investment income	0.5%

FY23 Budget Calendar

Hyperion events calendar

Previous budget assumptions and calendars

FY22 assumptions and calendar

FY21 assumptions and calendar

FY20 assumptions and calendar

 

Questions?