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|July||New fiscal year begins
Budget encumbrance rollovers are added as a “budget adjustment” for the current fiscal year.
Faculty professional development rollovers are added as a “budget adjustment” for the current fiscal year.
|August||Budget Administrators or designees should begin analyzing monthly
“Budget to Actual” reports for each department.
|September||Tuition and mandatory fees and self-support fees discussions for the next fiscal year begin for those in Dining, Housing, and Grad Programs.|
|October||Quarterly “Budget-to-Actual” Reports are sent out by the Budget Office to each VP and Dean.|
|January||Quarterly “Budget-to-Actual” Reports are sent out by the Budget Office to each VP and Dean.|
|Budget Officer will attend necessary Chair and Staff meetings to discuss the budget for the upcoming fiscal year.
Operating budget submission preparation begins for the next fiscal year within each department.
VPs and Deans determine their deadlines within their divisions and schools for budget submission reviews and meetings (mid-March).
|March|| Approved operating budget submissions are due from each VP and Dean to the Budget Office by March 31st.
Departmental Enhancement and Additional (NEW) Position Requests due to the Budget Office by March 31st.
|April||Quarterly “Budget-to-Actual” Reports are sent out by the Budget Office to each VP and Dean.|
|April - May||Admin and Finance review of budget submissions.
Budget Office will communicate with Budget Administrators regarding their submissions.
|May||Draft of all internal budgets presented to the Executive Staff.
Budget Office will communicate with the departments regarding questions before final approvals.
|June||Budget Office holds meetings with new chairs to discuss the annual budgeting process and financial responsibilities.|
Final approved budgets are uploaded into PeopleSoft around June 15th.