- Base Budget
- A recurring set of funds available to departments to provide consistent funding from year to year for ongoing operating costs.
- Rolls from year to year
- One-time Budget
- One-time budget allocation to provide funding for non-base expenditures or special projects.
- Does not roll
- Incremental Budgeting
- The University uses incremental budgeting; this means that each year only the anticipated budget increases and/or decreases are presented to the Board of Trustees for their final approval. Upon approval, the annual budgets of the University are revised.