Term
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Definition
| 12 MONTH PERIOD DESIGNED BY UNIVERSITY |
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Term
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Definition
PERSON RESPONSIBLE FOR LARGE PROGRAM
CREATOR, MANAGER, CLOSER |
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Term
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Definition
| 15- 18 MONTH PROCESS FOR CLOSING BUDGET |
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Term
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Definition
| LARGE PROGRAM DEPT OR DIVISION |
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Term
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Definition
| ENTITY THAT OVERSEES ALL BUDGET OPERATING |
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Term
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Definition
TRADITIONAL BUDGET FORMAT THAT IDENTIFIES
OBJECTS OF EXPENDITURE RATHER THAN THEIR INTENDED PROGRAMMATIC USE |
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Term
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Definition
| CORE BUDGET OF AN INSTITUTION REFLECTING ALL REVENUE EXPENES |
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Term
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Definition
| CUTTING OF ACTIVITIES AND PROGRAMS AS A RESULT OF FINANICAL CONSTRAINTS |
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Term
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Definition
| FUNDS HELD TO ADDRESS UNANTICIPATED CHALLENGES AND OPPORTUNITIES OR TO ADDRESS DEFFERED MAINTENANCE OR RENOVATION NEEDS |
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Term
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Definition
| FUNDS ALLOCATED, COLLECTED, OR DONATED FOR A SPECIFIC PURPOSE |
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Term
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Definition
| PORTION OF EXPENSES FOR INDIRECT COSTS ASSIGNED TO PARTICULAR UNITS |
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Term
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Definition
| FEES CHARGED TO ALL STUDENTS TO SUPPORT THE INSTITUTIONAL SERVICES SUCH AS STUDENT ACTIVITIES OR TECHNOLOGY SERVICES |
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Term
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Definition
| BUDGET UNIT ABLE TO GENERATE REVENUE THROUGH ITS OPERATIONS |
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Term
| PLANNING, PROGRAMMING, AND BUDGETING SYSTEMS (PPBS) |
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Definition
| BUDGETING SYSTEMS PREMISED ON TIGHTLY INTEGRATING STRATEGIC PLANNING, BUDGETING, AND ASSESSMENT |
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Term
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Definition
| BUDGET SYSTEM IN WHICH EACH ITEM IN THE BUDGET MUST BE JUSTIFIED AT THE TIME THE BUDGET IS DEVELOPED |
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Term
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Definition
| STATE OF EXTREME FINANCIAL DURESS SUFFICIENT THAT IT THREATENS THE SURVIVAL OF THE INSTITUTION AS A WHOLE; REQUIRES A FORMAL DECLARATION BY THE INSTITUTION, WHICH THEN ALLOWS IT TO TERMINATE FACULTY EMPLOYMENT FOR FINANCIAL CAUSE REGARDLESS OF TENURE STATUS. |
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Term
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Definition
| DIRECT CHARGE TO THE USER OF AN ACTIVITY, PROGRAM, OR SERVICE |
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Term
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Definition
| BUDGET ESTABLISHED FO RTHE PURPOSE OF THE FINANCIAL MANAGEMENT OF A SPECIFIED CAPITAL PROJECT SUCH AS THE CONSTRUCTION OR MAJOR RENOVATION OF A BUILDING |
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Term
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Definition
| ANNUALIZED VALUE OF RENOVATION OF REPLACEMENT OF MAJOR FACILITY INFRASTRUCTURE SUCH AS ROOFS, WINDOWS, OR PLUMBING OVER THE SCHEDULED LIFE OF THAT PARTICULAR INFRASTRUCTURE SYSTEM |
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Term
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Definition
| PORTION OF EXPNSES THAT HAVE BEEN EMBARKED FOR A SPECIFIC PURPOSE |
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Term
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Definition
| REPORT REFLECTING BASE BUDGET, FINANCIAL ACTIVITY FOR THE SPECIFIED PERIOD, AND YEAR TO DATE ACTIVITY |
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Term
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Definition
| QUALITY OF FUNDS THAT CAN BE SUBSTITUED OR EXCHANGED FROM ONE PURPOSE TO ANOTHER (OFFICE SUPPLIES FUNDS MAY BE USED FOR PURCHASING COMPUTER SOFTWARE |
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Term
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Definition
| FUNDS PROVIDED BY STATES TO SUPPORT EITHER OPERATING EXPENSES OR CAPTIAL PROJECTS |
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Term
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Definition
| UNIT THAT IS EXPECTED TO STAND ON ITS OWN WITH REGARD TO BUDGET, RECEIVING VERY LITTLE FINANCIAL SUPPORT FROM THE CENTRAL INSTITUTION BUDGET |
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Term
| Higher Education Cost Adjustment (HECA) |
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Definition
| replacement index for HEPI was established to correct past deficiencies (HEPI salary data were self-referential) and to offer a more valid tool for measuring higher education inflation;composed of 75% salary data, generated by the federal Employment Cost Index, and 25%from the federal Gross Domestic Price Deflator |
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