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Fiscal Affairs

Budget Calendar

Print friendly Modified April 7, 2010

Fiscal Year 2008

August 2007

  • Board of Regents approves Budget Request for Fiscal Year 2009
  • Annual Budget to Actuals Online Application Open to Institutions
  • Annual Expenditure Reports - August 25

September 2007

  • Budget request for Fiscal Year 2009 due to OPB September 4
  • OPB begins detailed review of USG budget requests
  • Projection for Quarterly Report due from institutions September 10
  • Budget Amendment for First Quarter due from institutions September 20

October 2007

  • Annual Budget Conference October 17
    • Institution Budget Review Process Information Submissions & New Funding Requests (due November 16)
    • Mandatory Fee Requests & Business Plans (due December 14)
    • Professional Program Tuition Requests (due January 11)
    • Revenue Projections (due November 30)
  • OPB and LBO continue review of budget requests - request additional information

November 2007

  • Institution Budget Review Process information submissions & New Funding requests due November 16
  • Institutions preparing FY 2009 Fee Request and Professional Program Tuition
  • Budget review analysts receive institutional packages November 16
  • Budget review analysts research and review institutional budgets

December 2007

  • Mandatory Fee Requests & Business Plans due from institutions December 14
  • Budget Office begins review of mandatory fee requests & business plans
  • Budget Amendment for Second Quarter due from institutions December 20
  • Budget review analysts research and review institutional budgets

January 2008

  • Professional Program Tuition Requests due January 11
  • Budget review analysts discuss findings at institutions, and develop issues list for each institution by January 11
  • Finalize schedule for budget hearings with institutions by January 15. Institutions can submit revised new funding requests in accordance with BOR strategic plan priorities also by this date.
  • Governor presents FY 2009 Budget recommendations to the General Assembly
  • Chancellor presents FY 2009 Budget Request to Joint Appropriations Committee
  • Budget review analysts research and review institutional budgets

February 2008

  • Fiscal Affairs FY 2009 budget hearings with institutions from February 1 - 8
  • Fiscal Affairs and analysts develop FY 2009 institution recommendations February 11 - 29
  • During March, incorporate FY 2009 budget review recommendations into the strategic investment model (allocations) in process involving Fiscal Affairs, Chancellor and BOR senior staff
  • General Assembly passes FY 2008 Amended Budget
  • General Assembly passes FY 2009 Budget
  • Tuition and fees final analyses and recommendations by BOR staff
  • Budget Amendment for Third quarter due from institutions March 20

March 2008

  • Fiscal Affairs FY 2009 budget hearings with institutions from February 1 - 8
  • Fiscal Affairs and analysts develop FY 2009 institution recommendations February 11 - 29
  • During March, incorporate FY 2009 budget review recommendations into the strategic investment model (allocations) in process involving Fiscal Affairs, Chancellor and BOR senior staff
  • General Assembly passes FY 2008 Amended Budget
  • General Assembly passes FY 2009 Budget
  • Tuition and fees final analyses and recommendations by BOR staff
  • Budget Amendment for Third quarter due from institutions March 20

April 2008

  • Chancellor’s FY 2009 institution budget allocation recommendations are finalized and submitted to the Board for approval
  • Allocation, Tuition and Fees recommendations approved at Board Meeting
  • State Allocations, Tuition and Fees sent to all institutions with Budget Guidelines

May 2008

  • Institutions submit Original Budget for FY 2009 on May 19
  • Budget Office reviews Original Budget submissions
  • Begin budget strategy for FY 2010

June 2008

  • Board approves 2009 Original Budget at June meeting
  • Final budget amendments for FY 2008 due June 18 from institutions
  • Information request for New Square Footage projection for FY 2009 budget development sent to institutions June 9 (due June 25)
  • Health insurance and retiree fringe benefit projection templates sent to institutions June 9 to be completed and returned June 25

July 2008

  • FY 2010 budget development
  • USG Final FY 2008 budget amendment due to OPB
  • Unit B FY 2010 budget requests due July 8

August 2008

  • Annual Expenditure Report (AER) due August 15
  • Board of Regents approves FY 2010 Budget Request

September 2008

  • Annual Expenditure Report (AER) due August 15
  • Board of Regents approves FY 2010 Budget Request

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