27.3.4 Main Budget categories for expenditure
27.3.4.1 Budget categories for subsidies for operation and subsidies for construction.
The University uses several main budget categories for compilation and monitoring of its budget allocation and execution. These categories may vary with different sources of funding (see 27.3.4.2 )
Categories “by default” for subsidies for operation and all other unrestricted sources of funding are:
|
1 |
Personnel expenses (PEREX) |
|
2 |
Operational expenses non personnel (OPEX) |
|
3 |
Capital expenditure (CAPEX) |
Categories “by default” for subsidies for construction are:
|
1 |
Construction work |
|
2 |
Ancillary cost |
These main categories are broken down in more detailed subcategories.
The University budgetary system used by all Budget supervisors and Budget holders is based upon this allocation structure.
Funding agencies, Foundations, research sponsors have often specific requirements for reporting the use of their funds. The Budget supervisor of the receiving Division is responsible for communicating these specific requirements, any use restrictions or other information on use of funds to the “Budget Section” .