University Budget Office

The University Budget Office manages, develops, monitors and analyzes the university's multimillion dollar operating budget.  We forecast and analyze the university's financial status, respond to fiscal inquiries and ensure compliance with state and NACUBO guidelines. We also advise on the resolution of budget issues and maintain position control and vacancy reporting for state positions. 

Purchasing Guidelines

TU’s faculty and staff play an important role in maintaining our sound financial footing.  We ask you to do your part:

  • Limit purchases to those that are essential to our academic mission, health and safety, or essential business operations.
  • Before purchasing anything, consider whether there are lower or no-cost options available to you, such as utilizing on-campus sources for furniture and computers before purchasing them new. 
  • All purchase requisitions must be submitted with an Essential Purchase Approval. Grant-funded purchases are exempt from this requirement. Access the Essential Purchase Approval for purchases less than $20,000, the Essential Purchase Approval for purchases $20,000-$49,999, or the Essential Purchase Approval for purchases over $50,000.
  • Purchases of $20,000 or more require approval by the department/college’s associate vice president or dean, and purchases of $50,000 or more require approval by the divisional vice president or provost.
  • Some examples of essential purchases include critical learning tools for students, supplies necessary for the health and safety of the campus community, tools that facilitate online learning, and purchases needed to implement legislative requirements. 

By finding creative solutions and taking a prudent approach to spending, we can all help TU stay strong.

Budget Process & Timeline

Budgeting is a continual process wherein departments are planning for the next year's budget while managing the current fiscal year. The budget process timeline lays out responsibilities and milestones in preparing the university's complex budget.

Operating Budget and Plan

The University Budget Office publishes an annual Operating Budget and Plan book to share information about the university’s internal budget. The book outlines key budget changes from the previous fiscal year and provides an overview of each division’s budget by revenue source. It is published each fall for the current fiscal year.

PeopleSoft Budgeting Information

Towson University's budget is managed through PeopleSoft. Access PeopleSoft Budgeting Information for help working with budgets, running reports, and requesting revenue transfers. You can also access a list of parent and child accounts, and information on working with self support departments, initiatives and queries. 

TU’s Stratus project is streamlining and modernizing existing business systems, starting with PeopleSoft Financials. Find out about the project's scope, timeline and what to expect.

Learn About Stratus

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Contact Information

University Budget Office

Location
Administration Building 
Room 403
Hours
Monday - Friday
8 a.m. - 4:30 p.m.
Phone
410-704-2182
Email
ubo@towson.edu