FY19 & FY20 Budget Information
For details on the UAF budget and planning for FY19-FY20, please click HERE.
How OMB & OFA Play Different Yet Critical Roles in UAF Budgeting
Adapted from the National Association of College and University Business Officers (NACUBO).
|Who Does What?
||Management & Budget
||Finance & Accounting
|Responsibilities||Managerial analysis, decision support, and process improvement||Financial accounting|
||Assessment process||Report card|
|Required by FASB/GASB?||No||Yes|
|Finance, economics, quantitative methods, project planning, and management||GAAP|
|Scope||All-inclusive, focus on elements||Entity-wide|
|Emphasis||Data flexibility and relevance||Data accuracy and timeliness|
Established in 2012, OMB serves as the budget development, analysis, and strategic management arm of Administrative Services.
OMB is also the home of UAF Process Improvement, and spearheads business process mapping and implementation plans for improvement, in an effort to understand business complexities and facilitate efficiency in our business workflows.
OMB collaborates with UAF Office of the Provost, Financial Services, and Planning, Analysis, and Institutional Research (PAIR) to produce and interpret data and reports necessary for UAF leadership to make strategic resource allocation decisions. OMB strives to build relationships with schools, colleges, institutes and administration in order to understand the business of UAF and provide useful reports and tools to campus leaders.