Financial Planning and Budgets Section (FPB)
POLICY 2
Effective Date: 07/01/1996
Last Modified Date: 03/18/2002
North Carolina Executive Budget Act
The State Executive Budget Act (G.S. 143-1 through 143-34.5) constitutes the legal basis for the budget system in North Carolina. The State Budget Officer issues directives to UNC-Chapel Hill (along with other branches of the University System) through the Office of the President to serve as the basis for the preparation and submission of budgets as may be required by the General Assembly, on either a biennial or an annual basis.
The Board of Governors
The Board of Governors of the University of North Carolina is required by G.S. 116-11(9) to present requests for funds for the continuing operation of each constituent institution of the University System, such as UNC-Chapel Hill.
The statute further specifies that appropriations made in response to such Continuation Budget requests be made directly to the individual units of the University System, such as UNC-Chapel Hill. The statute specifies that all Expansion Budget and Capital Improvement requests are to be submitted by the Board of Governors without regard to the individual campus affected. After legislative approval is obtained, the Board of Governors of the University of North Carolina will allocate to UNC-Chapel Hill those portions of the Expansion and Capital Improvement Budgets that they determine are necessary for the programs and activities on this campus. The allocations may be on a specific one-time basis (e.g., Capital Improvements and one-time Expansion Budgets) or on a continuing basis, as is usually the case for most Expansion Budgets for educational and service activities.
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