Base Budget

Definition:

A base budget (permanent budget) is established for those functions that require a long-term financial commitment or have a long-term impact on the fiscal operations of the university (e.g., general funds, student fees, self-supporting funds). Funds in the base budget are automatically reallocated at the start of each fiscal year. The base budget is modified by using the Base Budget Adjustment document in DaFIS. The base budget rolls forward every year and is the starting point for that year's current operating budget.

Related terms:

Compound Annual Growth Rate

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