University Budget FAQs

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Below are frequently asked questions about University budget processes and policies.

FAQs

What is the University’s fiscal year?

July – June.

Why is the University changing its budget process?

In efforts to better assist and inform members of the University’s budgeting process.

How do I get a budget report?

If you are a cabinet member, dean or budget manager, a monthly budget report will be emailed via tmadeley@stmartin.edu.

How do I get a budget report outside of the monthly cycle?

Simply email tmadeley@stmartin.edu a request including the department number needed.

What if I find errors on my budget report?

Email tmadeley@stmartin.edu and we can assist you in finding ways to correct any errors and investigate how the error occurred to help prevent it in the future.

Does my budget rollover from one year to the next?

No.

What if I want to make a purchase that will put me over budget?

Please contact the tmadeley@stmartin.edu, and we can assist in finding solutions. Depending on the financial status of the University, the purchase may be delayed until the University has funds to cover the additional expense.

Why does the University deny budget increases?

As you may know, SA¹ú¼Ê´«Ã½'s is a tuition driven University. Meaning, we operate on the revenue that is generated by the students that attend SA¹ú¼Ê´«Ã½'s. The number of students enrolled in undergraduate, graduate and international programs dictates how much money the University has to spend on goods and services. Even if enrollment may increase in one year, the University incurred prior year losses that it has to recover before being able to increase current year budget.