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Friday, April 24, 2020

From the Vice President for Finance and Management

Posted: Friday, April 24, 2020

New Procedures for Spending Controls Due to COVID-19

As the COVID-19 pandemic continues to affect more and more aspects of our society, Buffalo State College has developed new procedures—consistent with guidance from SUNY System Administration—for spending controls to help mitigate the wide-ranging financial impact this situation continues to have on our campus budget.

These new procedures are effective immediately and will remain in place indefinitely. A document (PDF, 420 KB) has been developed to outline and detail new procedures in the categories of salary-related expenditures and hiring practices, non-salary-related expenditures (OTPS spending constraints), and controls on capital project expenditures. The spending controls pertain to State, Research Foundation administrative, and Buffalo State College Foundation expenditures.

I urge all faculty and staff members who manage campus budgets to review these new procedures and work with their respective supervisors and division heads to adjust operations accordingly. It is imperative that we work creatively and collaboratively to implement these controls to strategically reduce our operational expenditures.

During the virtual College Senate meeting on May 8, I will present an update on our previous three-year budget rebalancing efforts. The presentation will also provide an overview of the 2020–2021 budget forecast, including anticipated impacts on state appropriations and tuition revenue due to COVID-19. A summary of the presentation will be shared with the full campus community via the Daily Bulletin during the week of May 11.