Budget Development and Management
Authority and Responsibilities
The Board of Regents has delegated to the President the authority and responsibility to establish and maintain an appropriate framework to conduct the University’s business functions.
One of these functions is the appropriate Financial Administration of the institution, which must involve:
- A financial planning process which is in general alignment with the University’s Strategic Plan;
- The organization, development, management, and submission of a budget proposal to be reviewed and approved by the Board of Regents at first and, subsequently, by the State of Qatar’s Government;
- Appropriate distribution and resource allocation among the Colleges, departments and units of the University;
- Management of budget monitoring processes;
- Preparation of management information which measures financial impacts on programs and purposes;
- Maintenance of a comprehensive and secure framework of policies, procedures, protocols, and business systems to endorse, record, manage, and regulate the University’s financial transactions; and
- The counseling, assistance, and support to administrators in order to guarantee the prudent use of financial resources as the University’s mission is accomplished.
The President has delegated specific Financial Administration authorities and responsibilities to the Vice President (VP) and Chief Financial Officer (CFO) who, in his turn, entrusted authority and assigned particular responsibilities to the Finance Director (and his/her staff), as listed below:
- To determine guidelines and to develop key documents/forms needed for budget request submissions, resource allocation processes, and for a systematic and periodic budget monitoring (all in conformity with the President’s guidance); and
- To supervise and oversee the general accounting function by establishing financial accounting requirements (including the Chart of Accounts and Accounting Classifications), business systems, control, and reporting practices.
