How is a budget increased during the budget development cycle?
• When a program director wishes to request an increase in an object code (line item) within the budget or a new budget, he/she prepares a budget indicating those line items that are to be instituted or increased together with a supporting explanation of the need for the increase in each area. • If new income will also be generated to support the request for new budget or increase in object code, an explanatory report detailing the source of income should also be generated using the budgeting forms found at www.ulv.edu/finance . • These documents are presented to the Treasurer’s Office or the Budget Review Board during the budget cycle.
