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John (Jack) McDonald
Assistant Vice President for Administration & Finance

 The Budget Office at MassArt facilitates:

  • Developing annual operating and capital budgets

  • Maintaining long-range financial planning models

  • Monitoring changes to these budgets with emphasis on maintaining good fiscal management with reasonable controls

  • Enforcing policy decisions regarding use of funds

  • Providing reports and data to assist management in making sound fiscal decisions

Colleague Self-Service: Financial Management Guide
 (Updated 03/08/22)

This PowerPoint slide is to help guide users on accessing Budget to Actuals and submitting Budget Adjustments in Self-Service. You can also request access to the file in Google Slides which may have more up to date edits. 

Final FY22 Fiscal Operations Report 

Budget FY'22 (Budget will be uploaded to Colleague week of June 21, 2021)

Department can propose to transfer funds between subsidiaries to better reflect the planned expenses. For now, this will continue to be done through emailing Jack McDonald until we can finalize the construction of the new Colleague self-service features.  Please reach out to Jack ( if you are unable to access your budget in Budget to Actuals or are not sure how to communicate a transfer of funds. 

FY22 Budget - Approved by BOT on June 8, 2021


FY21 Budget:

Approved by the Board of Trustees, September 22, 2020

FY20 Budget:

Approved by the Board of Trustees, June 11, 2019       Final Fiscal Operations Report 


FY20 Budget vs. Actual Recap (6-15-20 Update)

CST Budget Review - FY20 - 6-15-20 Update.xlsx

CST - High Budget Overrides + % of Budget Used as of 6-15-20.xlsx

Fund 28 Budget Review - FY20 - 6-15-20 Update.xlsx

PCE & PCG Programs Budget Review - FY20 - 6-15-20 Update.xlsx

Trust Fund Budget Review - FY20 - 6-15-20 Update.xlsx

Budget Transfer Form.xlsx

Massachusetts State Audit 

Issued 4.19.22

MassArt Audited Financial Statements

FY22 - FY15


MassArt Foundation Audited Financial Statements

FY22 - Coming Soon

FY15 - FY21

MassArt A-133 Financial Statements

FY22 - Coming Soon

FY15 - FY21

State Government Transparency Website

CTHRU was launched by the Office of the Comptroller in the fall of 2016 and has quickly become a national model for its depth, breadth, timeliness, and its intuitive experience for exploring how and where our tax dollars are utilized. Stewards of the Commonwealth’s financial data, the Office of the Comptroller is a uniquely independent and apolitical overseer of more than $60 billion in governmental and other funding sources annually. In addition, the Comptroller oversees the Commonwealth’s expenditure and payroll management and major audit functions ensuring security, transparency, accountability, and service delivery across all branches of state government. The powers and obligations of the Comptroller are generally dictated by M.G.L. c.7A.


Department of Higher Education Data Website

The DHE Data Center is derived from our Linear Trends books, a compilation of data submitted by the public higher education institutions that reflect the key performance measurement indicators approved by the Massachusetts Board of Higher Education (BHE) in 2003/2004. Where authorized comparisons are made to peer-derived benchmarks and other performance targets established by the BHE.


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