Budget Preparation Policy
University of Anbar's budget preparation policy is based on the financial system adopted by the provisions of the Ministry of Higher Education and Scientific Research Law No. (40) Of 1988. The university follows an annual budget preparation plan through consultation between the heads of relevant departments at the university's administration, the university's colleges, and relevant government agencies to achieve the university's mission, objectives, and strategic plans.
Financial Planning Policy
University of Anbar follows financial planning that outlines its current financial status, financial objectives, and the strategies to achieve them by the university's mission, objectives, and strategic plans. This includes a timeframe for implementation and financial planning mechanisms for monitoring and evaluation. The plan takes the form of a budget prepared to measure the extent of the university's success in achieving the planned financial objectives, considering revenue, self-funding, consumption, and expenditure aspects within the university.
Policy for Identifying Financial Sources and Allocation
The management of the University of Anbar includes an estimated value of its financial resources and sources, as well as the optimal utilization methods within its annual budgets. It allocates sufficient amounts to fund its short-term and long-term plans according to a future financial plan based on achievable and well-defined principles, and comprehensive and efficient measures that are measurable and implementable.
Income and Expense Management Policy
The income and expense policy at the University of Anbar is based on the financial plan in which the university estimates its revenues. These revenues come from its share in the general state budget, tuition fees paid by students, and any income obtained by the university based on current legal provisions. These revenues are used for specific expenses related to programs, projects, and activities managed by the university's colleges, departments, and units. The accounts of the various colleges and departments are established and classified according to principles chosen to serve the university. This policy focuses on cost reduction, risk mitigation that may threaten the university, and ensuring financial liquidity for the required operational activities.
Supplies Policy
University of Anbar provides all its academic and administrative units with the necessary supplies for the university's academic and administrative operations, equipment, facilities, and more through procurement committees periodically formed by experienced and trustworthy individuals. This is to supply the university's units with their needs as quickly as possible and in a transparent, impartial and fair manner.