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Policy & Procedure
Policy Title :
Budgeting Policy
Policy Number :
Responsible Party :
Financial Affairs
Effective Date :
Revised Date :


This policy sets out the budget policy and how resources are to be allocated to each department.

Statement :
Procedure :

Budget Preparation

  • Questionnaire should be prepared by the Director of Financial Affairs to be circulated to all PMU Higher Management (Rector, Vice Rector’s, Deans and Directors).
  • Questionnaire includes the department recruitment and payroll requirements, asset requirements, research and development project, consumable materials and other expenses.
  • Budget should be prepared based on the requirements submitted by each department.
  • Initial Budget being prepared should be sent to PMU Board of Trustees for approval.
  • Approved budget should be entered by Budget and Accounting to the Banner System.
  • Any adjustment on the approved budget should require approval from the PMU Rector.