The Office of Budget and Planning (OBP) 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.
The OBP 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 OBP 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.
The internal operating budget process involves planning, development, implementation, management
The OBP works with Human Resource Services during the increment process overseeing access to the online budget increment reports and to make adjustments to General Revenue base budgets for increments awarded. The OBP works with the Administration and Finance budget staff coordinating the Bond Revenue budget process; however, budgets for individual grants are managed by the Grants Fiscal Administration Office. All check requests and purchase requisitions made with Fund 04 dollars are approved by the OBP.
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
Internal budget is submitted to BOT for approval