The Budget Office is responsible for preparing and monitoring all aspects of the SUNY revenue and expense process for state purpose, dormitory operations, other campus revenue generating funds and the College’s strategic plan initiatives. The Budget Office also performs the accounting function for the Old Westbury College Foundation, Inc. and provides accounting support to the Capital Planning Office.
Throughout the year, the Budget Office develops and updates various periodic reports of budgeted and actual expenditures and College's state operating, dormitory and special Revenue Accounts budgets; provides the administration with managerial information, guidance and review regarding allocation and use of the College's resources; performs ongoing analysis of the College's financial standing through examination of expenditure patterns, revenue estimates, and personal service requirements; reviews grants' approval for all fund transfers; and works closely with managers monitoring their respective budgets.
SUNY's fiscal period begins on July 1 of each year. Budget meetings are scheduled with the Vice Presidents and Administrative Department Heads to discuss information pertaining to the overall SUNY budget and expectations for the next fiscal year, proposed divisional budgets, and updated Strategic Plan Initiatives. Modifications are made based upon funded resources, College priorities and presidential directives. Each Division and Administrative Department budget and Strategic Plan is reviewed for linkage to the College’s goals.
As soon as notification has been received regarding the campus' share of SUNY's legislated allocation, the funds are distributed to the individual campus account, and departments are notified of their allocation. On occasion, changes may be needed in the distribution from one area to another. If additional funds are needed, a request should be made to the area Vice President or Department Head.
Jennifer Jimenez, Budget Director
Campus Center, Room: H-310C
Phone: (516) 876-3219
Fax: (516) 876-3269
Email: jimenezj [at] oldwestbury.edu