Budget Planning as a Strategic Priority

How OMB & OFA Play Different Yet Critical Roles in UAF Budgeting

Adapted from the National Association of College and University Business Officers (NACUBO).

Who Does What?
Management & Budget
Finance & Accounting
 ResponsibilitiesManagerial analysis, decision support, and process improvementFinancial accounting
Assessment processReport card
 Primary AudienceInternalExternal
 Required by FASB/GASB?NoYes


Finance, economics, quantitative methods, project planning, and managementGAAP
 ScopeAll-inclusive, focus on elementsEntity-wide
 EmphasisData flexibility and relevanceData accuracy and timeliness
 Core Functions
  • Budget development in partnership with Provost/VCAS
  • Ensure resource allocation is actively linked with plans and core themes
  • Analysis, reporting, and scenario development
  • Review of administrative processes and recommendations for efficiencies
  • Transaction and accounting operations
  • Accounts payable
  • Travel oversight and processing
  • Cash management
  • Finance system access and training

OMB Background

Established in 2012, OMB serves as the budget development, analysis, and strategic management arm of Financial Services.

OMB is also the home of UAF Process Improvement, and spearheads process mapping and improvement implementation plans, in an effort to understand business complexities and facilitate efficiencies. 

OMB collaborates with UAF Office of the Provost, Financial Services, and Planning, Analysis, and Institutional Research (PAIR) to produce and interpret data and reports necessary for UAF leadership to make strategic resource allocation decisions.  OMB strives to build relationships with schools, colleges, institutes and administration in order to understand the business of UAF and provide useful reports and tools to campus leaders. 

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