{"id":2217,"date":"2026-05-07T09:30:16","date_gmt":"2026-05-07T13:30:16","guid":{"rendered":"https:\/\/www.ramapo.edu\/budget\/?page_id=2217"},"modified":"2026-05-08T15:41:10","modified_gmt":"2026-05-08T19:41:10","slug":"student-aid-budget-management","status":"publish","type":"page","link":"https:\/\/www.ramapo.edu\/budget\/student-aid-budget-management\/","title":{"rendered":"Student Aid Budget Management"},"content":{"rendered":"<h2>Budget Allocation<\/h2>\n<ul>\n<li>Units are allocated a budget for the fiscal year that covers the period from July 1<sup>st<\/sup> through June 30<sup>th<\/sup><\/li>\n<li>Units may transfer funds between student aid positions or add funds to their allocation from their own unit or core (with approval of the core VP). Position numbers <strong><em>must<\/em><\/strong> be included in the transfer request to <a href=\"mailto:budget@ramapo.edu\">budget@ramapo.edu<\/a>.<\/li>\n<\/ul>\n<h2>Student Aid Salary<\/h2>\n<ul>\n<li>Supervisors are responsible and accountable for managing the unit\u2019s student aid salary budget and must monitor spending to ensure budget allocations are not exceeded.<\/li>\n<li>Student aid salary expense will appear in the unit\u2019s budget in account 6086.<\/li>\n<li>Biweekly reports with budget expenditures are sent to supervisors to facilitate budget monitoring.<\/li>\n<li>If the budget is exceeded, funds will be moved from the unit\u2019s operating budget pool to cover the overage, unless the unit director or core vice president identify alternate funding.<\/li>\n<\/ul>\n<h2>Student Aid Sick Time<\/h2>\n<ul>\n<li>Student aid sick time will be charged directly to the unit. This expense will appear in account 6076.<\/li>\n<li>Sick time will be covered by the Budget Office for FY27 (via budget transfer as expenses are incurred).<\/li>\n<li>Starting in FY28, units will have a budget for sick time based on FY27 actuals. Any expense over the initial budget will be covered from the unit\u2019s operating budget pool.<\/li>\n<li>For more information on student employees earning sick time, <a href=\"https:\/\/www.ramapo.edu\/on-campus-employment\/wp-content\/uploads\/sites\/386\/2025\/04\/NJ-SICK-LEAVE-FOR-STUDENT-ASSISTANTS.pdf\" target=\"_blank\" rel=\"noopener\">please see this link<\/a>, or contact POER.<\/li>\n<\/ul>\n<h2>General Policies<\/h2>\n<ul>\n<li>Remaining funds (either salary or sick time) cannot be used for other operational expenses.<\/li>\n<li>Unused funds at the end of the fiscal year will be eliminated for the following fiscal year.<\/li>\n<li>Any permanent increase in funding for the next fiscal year must be submitted via change request during the annual budget process.<\/li>\n<\/ul>\n<h2>More Information<\/h2>\n<ul>\n<li>Federal Work Study funding will continue to be managed by Financial Aid, please contact Shawn O\u2019Neill at\u00a0<a id=\"menurob\" class=\"fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn\" title=\"mailto:foneill@ramapo.edu\" href=\"mailto:foneill@ramapo.edu\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Link foneill@ramapo.edu\">foneill@ramapo.edu<\/a> with any questions.<\/li>\n<li>Funding for grant related positions will be coordinated through the Office of Grants &amp; Sponsored Programs, please contact grantsdesk@rampo.edu with any inquiries.<\/li>\n<li>The onboarding process for all students will now be managed by POER, please email SAP@ramapo.edu with any questions.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Budget Allocation Units are allocated a budget for the fiscal year that covers the period from July 1st through June 30th Units may transfer funds between student aid positions or add funds to their allocation from their own unit or core (with approval of the core VP). Position numbers must be included in the transfer [&hellip;]<\/p>\n","protected":false},"author":536,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2217","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Student Aid Budget Management - Budget and Fiscal Planning || Ramapo College of New Jersey<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ramapo.edu\/budget\/student-aid-budget-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Aid Budget Management\" \/>\n<meta property=\"og:description\" content=\"Budget Allocation Units are allocated a budget for the fiscal year that covers the period from July 1st through June 30th Units may transfer funds between student aid positions or add funds to their allocation from their own unit or core (with approval of the core VP). 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