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Home > Faculty & Staff > Finance > Budget Office

Budget Office

The Budget Office oversees budget development and periodic budget performance reporting for all college divisions. The Budget Office prepares the annual budget, fulfills internal and external budgeting reporting requirements, processes budget transfers and funding requests for new programs and new initiatives, reviews and monitors budget requests and provides financial analysis for the College. The Budget Office staff strives to provide excellent customer service while assuring the highest fiduciary standards are met.

Services offered by the Budget Office

Strategic Planning

Support NOVA’s strategic planning and budget process through participation in deliberations of committees and hearing panels, presentation of essential budget data, and preparation of various analyses and reports.

Budget Development, Implementation and Monitoring

Develop annual, long-range budgets for approval; provide a link between NOVA’s strategic plan and resource allocations; partner with constituents and NOVA’s Senior Leadership and Managers to ensure best practices in budget and financial management.

Position Management

Allocate NOVA’s personnel resources and align positions so they are consistent with the organization’s current mission and staff resources approved by the budget process.

Grants/Contracts Management

Provide overall post-award management of sponsored programs to ensure that projects adhere to the funding source’s guidelines (e.g., progress reporting requirements, financial reporting requirements and expenditure restrictions) and that financial compliance is met. The post-award grant accountants work closely with the principal investigator/program director to provide fiscal oversight and management of awards throughout the lifecycle of each grant, contract or cooperative agreement and assist with all financial aspects of the grant including, but not limited to, assigning fund codes, entering budgets and monitoring grant expenditures for compliance with sponsor requirements, Commonwealth policies, federal regulations and relevant laws.

Operating Budget

Grants and Contracts Management

Uniform Guidance

Purpose

On December 26, 2013, the Office of Management and Budget (OMB) issued the “Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards," hereafter referred to as “the Uniform Guidance.” This guidance consolidates, streamlines and supersedes eight prior existing OMB Circulars, including Circulars A-21, A-110 and A-133 which provided guidance on cost principles, administrative and audit requirements for federal grantees. The new guidance affects all federal grants and contracts issued on or after December 26, 2014, and other selected programs issued prior to December 26 at the agency’s discretion. If an award was issued prior to December 26 and the agency includes it in the new Uniform Guidance, the agency should issue a revised Notice of Award indicating the change in requirements.

In order to implement the new guidance, NOVA has set up a committee to review the guidance against existing policies and practices and harmonize the Uniform Guidance NOVA-wide. Representatives from the Office of Grants Development, Office of Finance and other selected individuals active in federal grants are coordinating implementation of the Uniform Guidance. The goals of the committee are to 1) change existing policies to comply with the new requirements, 2) inform the NOVA community about the changes and 3) work to educate faculty and staff about changes that will affect their work on federal grants and contracts. This Web page is intended to provide early implementation of the new policies in addition to information and updates on the Uniform Guidance and will continue to be updated as new material becomes available. 

Navigating the Uniform Guidance

For ease of navigation, the Uniform Guidance is broken down into its following subparts:

NOVA Resources

Resources from Federal Agencies

Other Resources

Guidelines

Learn More

Contact Us

Budget Office
3924 Pender Drive
Fairfax, VA 22030
Phone: 703.425.5319
Email: Budget Office

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