POLICY TITLE: University Budget

APPLIES TO: All Divisions and Departments

ADMINISTRATIVE AUTHORITY: Division of Finance and Administration Chief Financial Officer (CFO)

APPROVED BY: Kentucky State University Board of Regents

NEXT REVIEW DATE: August 8, 2028

The University Budget represents a financial plan for each fiscal year (July 1 through June 30). This policy governs the development, approval, management, and oversight of the budget to ensure fiscal responsibility, proper stewardship of funds, and alignment with KSU's strategic objectives.

Funds are allocated to organizational units to provide for the operation of institutional programs and services. Organizational units are required to expend funds in the best interest of KSU by utilizing the principles of financial stewardship.

The central KSU office responsible for coordinating the budget planning, allocation, and monitoring process.