Budgeting Process Overview

The Office of Budget and Financial Planning (OBFP) is responsible for all aspects of the University’s external and internal budget processes.  These two budget processes overlap. The goal of the external process is the acquisition of a state appropriation to support the next year’s operations. The final product of the internal budget process is detailed operating budgets for each department.

External Budget Process  

The OBFP prepares the Operating Budget submission to the Illinois Board of Higher Education (IBHE) according to the guidelines approved by the Board of Trustees (BOT). The OBFP routinely responds to information requests made by the IBHE, the Governor’s Office of Management and Budget (GOMB), and the House and Senate appropriation staffs. Historical reports are submitted to the IBHE annually.

Internal Budget Process  

The internal operating budget process involves planning, development, implementation, management and reporting. The internal budget is approved by the BOT. Throughout the year, the OBFP provides assistance to campus with regard to budget development, budget transfers, budget reviews and other budgetary needs.

Internal Budget Process

• NIU completes IBHE budget request documents

• IBHE develops budget recommendations

• NIU completes budget materials for for legislature

• Governor announces budget recommendations

• Appropriate hearings are held at Capitol

• Budget bill is enacted

• NIU creates budget documents for each cost center

• Departments complete cost center budgets

• Budgets go through the approval process

• If required, appropriated budgets are adjusted

• Budgets are compiled to ensure that guidelines have been followed