293.0 VIII-9.00 - POLICY ON THE OPERATING BUDGET
(Approved by the Board of Regents, July 26, 1990)
1. The Chancellor shall present to the Finance Committee a
summary of a proposed University of Maryland System annual
operating budget request. Such budget summary shall:
A. Include a summary of the proposed operating budgets of
each institution and each component as that budget is
formulated by the respective President or Director to
implement Board of Regents approved policies and plans.
B. Include a summary consolidation of the proposed operating
budgets of each institution and each component into a
University of Maryland System budget.
C. Recognize the differences in the size and mission of the
institutions and components as established by the Board.
D. Recognize the funding priorities established by the
E. Be prepared and presented in accordance with the
timetable and instructions recommended by the Chancellor
and established by the Board.
2. The Finance Committee shall consider and recommend to the
Board a proposed consolidated annual operating budget
request for the University System which includes the budget
for each institution and component. The Chancellor shall
assure the Board that the budget is consistent with the
missions of the institutions and components.
3. The Board shall review and modify, as necessary, the
proposed budget and approve a consolidated operating budget
request for the University of Maryland System.
4. Each President and Director shall prepare a detailed annual
operating budget request consistent with the consolidated
budget request approved by the Board and in accordance with
the timetable and instructions established by the
5. The Chancellor shall submit to the Governor and the Maryland
Higher Education Commission the detailed annual operating
budget request for the University of Maryland System which
includes the detailed annual operating budget request for
each institution and component.
6. The Chancellor shall sign and process budget amendments for
all institutions and components in accordance with
established State procedures.
Replacement for: BOR V - 14.00 and BOT XII G and I