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 Office of Capital Planning .
- SUNY Old Westbury adopted in May 2021 a new Cash Reserves Policy in alignment with the policy promoted by the State University of New York.
annual budget calendar
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.
college budget process
The College uses prior-year funding and allocations as the initial basis for constructing the annual budget. New initiatives, linked to the College’s Mission and Strategic Goals, are identified annually by departments and included in the College’s Strategic Plan. At the beginning of the budget planning cycle the Division of Business & Finance (B&F) provides Vice Presidents and Administrative Department Heads information to help formulate the next fiscal years’ budget. Such information includes an All-Funds analysis of the past year’s divisional expenditures by payroll, temporary services and material & supplies, and a copy of the Division’s current Strategic Plan funded initiatives.
Resources for Employees
Employees at SUNY Old Westbury by nature of their positions will gain access to private, personal information about students, faculty, staff, alumni, and other constituents of the College; as well as financial data. Employees are obliged to maintain the confidentiality of any such private, personal information and financial data that is encountered.
Web Connect Access
Employee access to the SUNY Business Intelligence Tool, the E-Req requisitioning system, the SUNY Employee portal and other functions is managed through Web Connect.
Glossary of Budget Terms
There are a variety of terms and phrases that are critical to understand in the budget development and monitoring processes on campus. This glossary of terms offers information on important budget-related terms.