To support the University Mission, Vision Statement, and Strategic Plan, the President formed the Budget Advisory Committee in Spring 2017 to engage and promote transparency in the University budgeting process.
The Budget Advisory Committee (BAC) is advisory in nature, providing valuable input and recommendations on a range of budgetary practices, policies, and reporting. The input and recommendations are considered by the President in developing the final budget appropriation request to the Board of Trustees.
The BAC will advise and contribute points of view to central university budgeting issues that impact development of revenues and expenditure levels for the next fiscal year operations. The advisory nature of the committee results in recommendations that will inform the President of short-term and long-term aspects of budgetary outcomes that will assist in the appropriation of funds.
The BAC members should embrace and use guiding principles of distributive leadership in consideration information and development of information to develop the annual budget appropriation request. The committee should engage in respectful discussions concerning the annual budget development as it relates to student impacts and considerations of service levels in supporting of students in their educational goals. BAC members are requested to represent the best interest of the University as a whole and rely upon ATUs vision, mission, strategic plan, and Board and/or President directed priorities. BAC members will commit to supporting the budget development process by distributing information to their constituent base and encourage feedback from them.
Operating Budgets
The Budget Advisory Committee (BAC) acknowledges the President and Executive Council are charged with the responsibility for the implementation and deployment of all the University鈥檚 financial resources in accordance with the University鈥檚 mission. This may include divisional requests not fully funded and may require the President and/or Vice Presidents to manage the budget by reallocating existing funds.
In order to fulfill the committee鈥檚 charge, committee members may ask the President or Vice Presidents for information pertaining to budget requests. Each committee member鈥檚 voice will be heard objectively, respectively, and with sensitivity to the issues most pressing to them. At times, the committee may agree to disagree with consensus decision making methods. At such times, there will always be collegial dialogue and respectful interactions among members.
While framing recommendations to the President, Committee members will deliberate using the following guiding principles:
The BAC members should embrace and use guiding principles of distributive leadership in consideration information and development of information to develop the annual budget appropriation request. The committee should engage in respectful discussions concerning the annual budget development as it relates to student impacts and considerations of service levels in supporting of students in their educational goals. BAC members are requested to represent the best interest of the University as a whole and rely upon ATUs vision, mission, strategic plan, and Board and/or President directed priorities. BAC members will commit to supporting the budget development process by distributing information to their constituent base and encourage feedback from them.