Skip to Main Content
Salisbury University
A Maryland University of National Distinction
SALISBURY UNIVERSITY

Budget Office

Internal Budget Timeline

scontent: 1 bValue: -1 eValue:1

Internal Budget Timeline

Fiscal Year: July 1 – June 30

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.

January        Budget Officer will attend necessary Chair and Staff meetings to discuss
 - March        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.

Need help or have questions about this page? Please visit our Ask a Question or Report a Problem page.
Salisbury University 1101 Camden Avenue Salisbury, MD 21801 410-543-6000

/budget/budgettimeline.html