The Budget Division manages the UGC funds (Governments' contributions, tuition fees, internally generated revenue) of the Mona Campus. This section ensures that transactions involving capital expenditure and non-capital expenditure conform to accounting standards, and staff costs and operating expenses are kept within budget.

Monthly Reports are sent to departments, listing the approved budget allocation, detailing income and expenditure per account number, showing the variances between actual and budget, and stating funds available for the remainder of the financial year

The University uses the accruals basis of accounting, in that, funds are committed once a purchase order is drawn, thereby reducing the available budget balance for the department.

Budget Division, on a daily basis, is available to Budget Holders to assist them in better understanding the budget reports, budget process, and in prioritizing expenditure, so as to spend prudently.