Current Budget Development

The annual operating budget development schedule is driven by both internal planning processes and Board of Regents reporting requirements. Below are the primary milestones for the university's annual operating budget development process.


FY2021 Budget Development Schedule

State appropriations and tuition proposals to Board of RegentsAug/Sept
Preliminary enrollment and revenue projectionsDecember
Governor submits state budget proposalJanuary
Budget discussions with senior budget leadersOctober, April, and May
Divisions develop budget plansDecember - June
Updated enrollment and revenue projectionsMarch
Scheduled last day of legislative sessionApril/May
Final enrollment and revenue projectionsMay
Finalize parameters for employee compensationMay
Board of Regents approves tuition ratesJune
Divisions submit final budget plansJune
Final budget report to senior budget leadersJuly/August

Board of Regents approves budget


Budget priorities and plans

Multiyear priorities are the primary areas and activities that the university plans to invest new, and/or reallocate existing, resources and are intended to guide the university's financial planning process. The priorities that guide the budget development of the upcoming fiscal year are the result of discussions among Senior Budget Leaders and usually finalized in the late Fall or early Winter.

Using the priorities as a basis, each of the university's three divisions develop annual budget plans. The budget plans describe the division's plans for investing in the university priorities. Divisions work on their plans beginning in February and they are finalized in June.



Share ideas or suggestions by emailing the Institutional Budget Management team,