The Budget Office is the principal arm of the University in the area of financial planning and fiscal administration. The department delivers, executes and monitors a sound fiscal plan in compliance with statutory, legislative requirements and administrative directive. It has primary responsibility for development, distribution and maintenance of biennial, annual operating, continuation, expansion, capital, auxiliary, receipt and other institutional or departmental budgets as well as being a significant contributor for forecasts and development of the institutional financial plan.
The UNC Board of Governors develops and prepares for the Governor and the General Assembly a single, unified recommended budget for all of the UNC constituent institutions. That process is guided by the UNC General Administration Office. As a member of the UNC System, UNC Asheville's budget is approved by the UNC BOG. During development, the General Administration issues guidelines for compilation and guides budget priorities for current operations, expansion or improvements. After legislative debate, the NC General Assembly appropriates the State academic budget. Following legislative action, the Board of Governors and General Administration allocate funds, including increases and reductions, to each member school. State appropriations are received through an allotment and requisition system via the NC Office of State Budget and Management and the NC Office of State Controller.
UNC Asheville follows State regulation in formulating all general operating, renovation, repair, capital or other fund budget. In preparation for each biennial budget, the Office of State Budget and Management (OSBM) holds meetings with state agencies to review agency-specific program inventories and to discuss how information is to be collected for the budget development process. OSBM issues instructions for the preparation and oversees submission of budgets as required by the General Assembly on a biennium or annual basis.
The UNC Asheville Budget Office provides basic information and guidance to all departments/schools and offices regarding the establishment, revision, reporting, administration and control of budgets as directed by the Chancellor, Board of Governors, State Budget Office, and North Carolina General Statutes. The state budget process incorporates a high level of control and directs much of the budget. Non-State budgets are funded from various sources which include fees, auxiliary receipts, grant awards, gifts and endowments. Budgets are formulated based on prior receipts and expenditures with adjustment for coming needs. Capital Projects are funded through State funding, grants, bond issues, or other private funding.