Colorado State University Announces Release of Financial Accountability Report, “Budget 101” Sessions and Open Budget Hearings

Continuing efforts to provide clear and transparent information about the university’s finances, Colorado State University today announced the upcoming release Wednesday of its second annual Financial Accountability Report, which details the university’s revenues and expenditures.

Colorado State also announced dates for the university’s annual open planning and budget hearings, as well as dates for the second year of "Budget 101" educational sessions that present straightforward information designed to help the campus and larger community understand CSU’s complex budget process.

"We are committed to transparency and take public accountability seriously, and the Financial Accountability Report, budget hearings and open Budget 101 sessions are examples of that commitment," said Tony Frank, president of Colorado State University. "These efforts aim to make clear the university’s finances, primarily because we owe this level of transparency to the public. It’s only when this complex information is understood that we can all engage in beneficial discussion about current and future budget priorities. We hope the campus community will join in this important process."

Financial Accountability Report
The annual Financial Accountability Report presents specific, factual information regarding the university’s finances, including an overview of total university revenue and expenditures. The information provided is presented in accordance with Generally Accepted Accounting Principles and is consolidated into the annual audited financial statements of the Colorado State University System. The CSU Financial Accountability Report will be available online Wednesday, January 27, at

Planning and Budget Hearings
As part of the university’s annual budget preparation process, the year’s first planning and budget hearing – open to the campus community and public – is scheduled from 8 a.m. – 4 p.m. in the Lory Student Center North Ballroom on Jan. 27. At the hearing, led by Interim Provost Rick Miranda, leaders from each college, vice presidential unit, provost’s and president’s offices will present their budget plan for addressing expected reductions for FY 2010-11. Those discussions will help refine CSU’s revenue and expenditure projections for the coming year.

The schedule of presentations:

8:00 – 8:15 Welcome and Overview
8:15 – 8:30 College of Agricultural Sciences
8:30 – 8:45 College of Business
8:45 – 9:00 College of Engineering
9:00 – 9:15 College of Liberal Arts
9:15 – 9:30 College of Veterinary Medicine & Biomedical Sciences
9:30 – 9:45 College of Natural Sciences
9:45-10:00 Break
10:00 – 10:15 College of Applied Human Sciences
10:15 – 10:30 Warner College of Natural Resources
10:30 – 10:45 University Libraries
10:45 – 11:00 Information Technology
11:00 – 11:15 Graduate Affairs
11:15 – 11:30 Undergraduate Affairs
11:30 – 11:45 Enrollment and Access
11:45 – 12:00 Outreach and Strategic Partnerships
12:00 – 1:00 Lunch Break (lunch not provided)
1:00 – 1:15 International Programs
1:15 – 1:30 Student Affairs
1:30 – 1:45 Research
1:45 – 2:00 University Operations
2:00 – 2:15 Advancement
2:15 – 2:30 Break
2:30 – 2:45 Public Affairs
2:45 – 3:00 President’s Office
3:00 – 3:15 ASCSU
3:15 – 4:00 Wrap up and Closing Remarks

Based on budget plans presented at the hearing, university administration will compile CSU’s initial FY 2010-11 draft budget, which will be provided to the campus community by mid-February for review and feedback. The "Budget 101" sessions, detailed below, will provide the campus community insight into the university’s budget processes, giving individuals not directly involved in the process information and knowledge to provide valuable feedback regarding the draft budget.

A final open planning and budget hearing is scheduled from 8 a.m. – 4 p.m. March 10 in the North Ballroom of the Lory Student Center. More details will be made available closer to the hearing.

Budget 101 Sessions
Colorado State University will hold two public "Budget 101" educational sessions for the campus and larger community in February. Miranda and Associate Vice President for Finance Lynn Johnson will present information designed to help attendees understand CSU’s complex budget process. "Budget 101" sessions provide a detailed overview and understanding of university finances and budgeting priorities.

Sessions of "Budget 101: A primer to participation in CSU’s budget process" are free and open to the public and will be held in the North Ballroom of the Lory Student Center on campus.

Sessions are scheduled for:
February 9, 1-3:30 p.m.
February 15, 3:30 – 5 p.m.