Managing a Budget Cycle

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Using the University of Illinois, prepare an outline of the budget cycle, and then, develop budget guidelines for your department. As part of your guidelines, be sure to include:

  • The vision/mission of the department or institution
  • Institutional character (private/public; size; culture/climate)
  • The role and purpose of the budget
  • Goals and priorities
  • The stakeholders who are involved and what role they play
  • How non-financial data will be considered in the process
  • The budget schedule/calendar
  • The major budget categories
  • Challenges and issues
  • Strategies for success in navigating the budget

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Title: Managing a Budget Cycle

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