Duties and Responsibilities of Budget Managers and Budget Analyst

Objectives
Participants will learn:
What are the duties and responsibilities of the Budget Manager What are the duties and responsibilities of the Budget Analyst

Budget Manager
Responsibilities:
Ensure that the department operates its financial affairs in accordance with the Universitys Policies and Procedures Have a thorough understanding of the Universitys Policies and Procedures Participate in the design and implementation of the departments strategy

Budget Manager
Responsibilities contd:
Ensure that all employees have appropriate access to the finance system Ensure that employees have the skills and training necessary to operate the finance system Ensure that all employees within the department are aware of the Universitys Policies and Procedures

Budget Manager
Responsibilities contd:
Coordinate and implement a plan for operational continuance in the event the Budget Manager or members of the approval chain are unable to perform their duties

Budget Manager
Duties:
Management of the departments operating budget Coordinate the development of the departments operating budget with the Vice President or Dean Coordinate inter-department relations to ensure transactions flow smoothly

Budget Analyst
Responsibilities:
To ensure the departments operate in accordance with the Universitys Policies and Procedures
To coordinate the development and implementation of the Universitys Annual Operating Budget as approved by the Board of Trustees

Budget Analyst
Responsibilities contd:
Ensure the timely availability and integrity of financial data for institutional decision-making Provide management with analysis and feedback about budgetary problems To coordinate the development of the departments operating budget requests

Budget Analyst
Duties:
Monitor departments operating budgets
Process budget amendments Implement the approved Annual Operating Budget

Budget Analyst
Duties contd:
Compiles the Universitys Operational Budgets
Examine budget estimates for completeness, accuracy and conformance with established policies Ensure budget estimates are reasonable and adequate

Budget Analyst
Duties contd:
Assist Budget Managers in assessing operating efficiency of systems and processes Develop guidelines and polices governing the formulation and maintenance of operating budgets Conduct training sessions for Budget managers Assist in determining ways to improve operational and cost performance

Budget Analyst
Duties contd:
Review policies and procedures to ensure that the Universitys policies and procedures are being followed as planned Evaluate operational procedures to determine whether results are consistent with established objectives and goals and whether the procedures are being carried out as planned

Duties and Responsibilities of Budget Managers and Budget Analyst

Discussion & Questions