Annual Budget Process


Purpose
To specify the process of preparing and submitting the annual AUI Corporate Office budget.  The AUI Board of Trustees must approve the annual AUI Corporate Office budget.
Procedure
    1. On an annual basis the AUI Controller, in conjunction with the AUI President and AUI Treasurer, develops the annual AUI Corporate Office budget and projections for the prior year end.
    2. The Annual Budget is then presented to the OAC Committee at its September meeting for review and recommendation to the AUI Board of Trustees.
    3. At the October AUI Board of Trustees meeting, the full Board reviews and approves the Annual AUI Corporate Office Budget.