PPT Slide
Budget Development Process
UofT uses top-down and bottom-up budget methods to develop the Original Budget for the Operating & Ancillary Funds. Bottom-up is achieved by using CO Planning.
- The Planning & Budget Office establishes a target budget for each faculty/division
- Every Faculty/Division establishes a target budget for each department/business unit
- Every Department plans at the cost element level
Plans have to balance to the Target Budgets
CO linked to FM via FM Assignment Table