Office of Planning and Budget

The Operating Budget Schedule

October to December, prior to the beginning of the budget year
Broad budget assumptions are crafted and a preliminary draft of the operating and capital budget is developed. The Office of Planning and Budget prepares and distributes the operating budget request forms and instructions.

January to February, prior to the beginning of the budget year
Key budget assumptions are refined and shared with the University Budget Committee. Revenue, expense and enrollment projections are refined in consultation with the University community.

March, prior to the beginning of the budget year
The University Budget Committee finalizes their deliberations and presents a proposed budget to the President for approval.

April, prior to the beginning of the budget year
Salary worksheets are distributed by Planning & Budget to the Deans, Directors and Department Heads.

April to May, prior to the beginning of the budget year
A proposed budget is presented to the Audit and Finance Committee of the Board of Directors, and to the Board of Directors for approval.

June, prior to the beginning of the budget year
Planning & Budget consolidates line-item budgets for input into the general ledger system. Base Budgets are distributed by Planning & Budget to the Vice Presidents/President.

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