CHALLENGES AND INNOVATIONS IN THE BUDGETARY PROCESS OF ONE STATE UNIVERSITY: BASIS FOR BUDGETARY FORMULATION

ABSTRACT: This study evaluated the financial strategies and budgetary innovations of one state university, focusing on challenges like limited government and external funding, complex financial regulations, and weak planning capacity. It also examined innovative responses such as support systems, resource allocation, and technology adoption. Using a quantitative-correlational design, data were gathered from 177 university personnel through a structured survey and analyzed with SPSS. Key findings revealed that support systems and resource allocation significantly contributed to financial sustainability, while technology adaptation had limited effectiveness. The study concluded that financial innovation in higher education is most effective when supported by institutional collaboration and human capacity, not just technology. It recommends strengthening support systems through training, stakeholder involvement, and decentralized planning to enhance resilience and responsiveness in future budgeting efforts.

KEYWORDS: Higher Education Budgeting, Financial Sustainability, Resource Allocation, Budgetary Challenges, University Financial Management