Budget Calendar

FY 2015 Budget Development Calendar

December 2013                          

  • Budget Offices prepares preliminary FY 2015 base budget expense projections excluding tuition and fee revenue (enrollment provided by VP Enrollment Management at a later date).
January 2014
  • Budget Office conducts training and information sessions providing an overview of budget reports, website information and online budget request submission/approval process with specific focus that new requests be strategic in nature, linked to one or more of the 5 strategic goals and within budget provided.
  • Board of Trustees (Finance, Audit and Institutional Development) Committee Meeting.
  • Information session with Chairs, Senate Budget and Planning Council and Vice President Finance & Administration.  

February 2014    

  • Board of Trustees Meeting.                 
  • Web application and budget request materials (reports/forms) made available via Budget Office Website and communicated via email to VPs and in Announcements. Budget discussions take place within divisions and departments. FEBRUARY 3-28, 2014
  • Governor presents his recommended State Budget for FY 2015 commencing July 1, 2014.
  • Deadline for Vice President direct reports to submit FY 2015 department budget requests for VP approval online for their respective areas. FEBRUARY 28, 2014 

March 2014                                                        

  • IT and Budget Office prepare budget requests summaries and they are emailed to Vice Presidents to assist them with their review and approval process.
  • Vice Presidents review FY 2015 department budget requests.
  • Deadline for Vice Presidents to submit their approvals online. MARCH 28, 2014

April 2014                   

  • IT and Budget Office prepare FY 2015 budget requests summaries and email them to Vice Presidents to assist them with their budget presentations to Cabinet.
  • Town Hall Meeting held to discuss FY 2015 preliminary budget.
  • Board of Trustees (Finance, Audit and Institutional Development) Committee Meeting to recommend for Board approval, fall ’14 tuition & fees, room & board rates.
  • Annual tuition hearing is held inviting the campus community to discuss with Board members tuition & fees, room & board rate increases for fall ’14 and the FY 2015 preliminary budget.
  • Division Presentations made by VPs (and academic deans/ AVPs) to Cabinet. Presentations made during half day sessions will be structured to demonstrate management of resources and identify initiatives tied to strategic goals

May 2014    

  • Board of Trustees Meeting to approve fall ’14 tuition & fees, room & board rates.
  • Budget decisions are finalized.
  • IT and Budget Office update divisional and All Funds Budget reports to reflect final approvals and any other changes (e.g. enrollment, labor contracts, etc.).

June 2014

  • Legislature approves the FY 2015 State Budget and University’s share of the appropriations.
  • President approves the University’s FY 2015 Budget.
  • Budget Office uploads FY15 budget data to Banner Finance.

July 2014

  • Board of Trustees (Finance, Audit and Institutional Development) Committee Meeting to recommend for Board approval the FY 2015 Budget.
  • Board of Trustees Meeting to approve the FY 2015 Budget

September 2014                        

  • FY 2015 Budget is finalized, adjustments uploaded and posted to Budget Office website.

October 2014                       

  • Town Hall Meeting held to present FY 2015 revised budget based on fall ’14 actuals.
  • University receives instructions from the State for submission of the FY 2016 budget commencing July 1, 2015.

November 2013                      

  • Board of Trustees approves the transmittal of the FY 2016 State Budget Request.