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Fiscal Affairs

Budget Calendar

Print friendly Modified October 31, 2013

Fiscal Year 2014

July 2013

  • Amended FY 2014 & FY 2015 Budget Development

August 2013

  • FY 2013 Budget To Actuals due from institutions August 1st to August 14th
  • FY 2013 Annual Expenditure Report (AER) due from institutions August 30th

September 2013

  • Board of Regents approves Amended FY 2014 & FY 2015 budget requests to be submitted to OPB

  • Amended FY 2014 & FY 2015 USG budget requests submitted to OPB
  • OPB and legislative budget offices begin detailed review of USG budget requests
  • BOR staff review AER and Budget To Actuals submissions following up with institutions as necessary
  • First Quarter budget amendment due from institutions September 13th
  • Annual budget projections due from institutions September 20th (These projections will be based on the first quarter budget amendment).
  • FY 2015 Budget Hearing instructions issued

October 2013

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • First Quarter Expenditure Report data sent to institutions for review on October 4th
  • Institutions complete review and submit the First Quarter Expenditure Report data on October 11th
  • FY 2015 Mandatory Fee, Professional Program Tuition, Graduate Tuition, E-Rate, Miscellaneous Fee, and Housing and Food Services request instructions issued

  • FY 2015 Budget Hearing instructions issued

  • FY 2015 Budget Hearing narratives due for select institutions - October 21st

November 2013

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • Institutions preparing FY 2015 Mandatory Fee, Professional Program Tuition and Graduate Tuition requests
  • FY 2015 Budget Hearings for select institutions November 4th, 14th and 21st

December 2013

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • Instructions issued for 5-year auxiliary plans
  • FY 2015 Budget Hearings for select institutions December 3rd, 10th and 16th
  • FY 2015 Revenue Projections due from institutions December 2nd
  • FY 2015 Mandatory Fee requests due from institutions December 13th
  • Second Quarter budget amendment due from institutions December 13th
  • FY 2015 Budget Hearing narratives due for select institutions - December 20th
  • Budget Office begins review of mandatory fee requests


January 2014

  • Second Quarter Expenditure Report data sent to institutions for review January 3rd
  • Institutions complete review and submit final Second Quarter Expenditure Report data January 10th
  • Chancellor presents Amended FY 2014 & FY 2015 budget request to Joint Appropriations Committee

  • General Assembly continues review and hearings on Amended FY 2014 & FY 2015 budgets

  • FY 2015 Miscellaneous Fee, and Housing and Food Services due from institutions due January 13th
  • FY 2015 Base Graduate Tuition requests due from institutions January 17th
  • FY 2015 Professional Program Tuition requests due from institutions January 17th
  • Budget Office begins review of FY 2015 Professional and Graduate tuition requests

February 2014

  • General Assembly continues review and hearings on Amended FY 2014 & FY 2015 budgets

  • FY 2015 Budget Hearings for select institutions - TBD
  • 5-Year Auxiliary Plans due from institutions February 7th
  • FY 2015 Mandatory Fees, Professional Tuition and Graduate Tuition final analyses and recommendations by BOR staff (late February - March)

March 2014

  • General Assembly passes Amended FY 2014 Budget
  • General Assembly passes FY 2015 Budget (late March - early April)
  • Third Quarter budget amendment due from institutions March 14th

  • Chancellor’s FY 2015 institution budget allocation recommendations are finalized and submitted to the Board of Regents for approvalval

April 2014

  • FY 2015 Allocation, Tuition and Fees recommendations presented to the Board of Regents for approval
  • FY 2015 State Fund Allocations, Tuition and Fees amounts/rates sent to all institutions with Budget Guidelines
  • Third Quarter Expenditure Report data sent to institutions for review April 4th
  • Institutions complete review and submit final Third Quarter Expenditure Report data April 11th
  • Begin developing budget strategy for FY 2016

May 2014

  • Institutions submit FY 2015 Original Budget May 2nd
  • Budget Office reviews FY 2015 Original Budget submissions
  • FY 2015 E-Rates due from institutions due May 8th
  • FY 2015 Original Budget presented to Board of Regents for approval on May 13th

June 2014

  • Initial FY 2015 Annual Operating Budget submitted to OPB - TBD
  • Information request and template for New Square Footage projection for FY 2016 budget development sent to institutions June 9th (due from institutions June 27th)
  • Health insurance and retiree fringe benefit projection templates for FY 2016 budget development sent to institutions June 9th (due from institutions June 27th)
  • Final budget amendments for FY 2014 due from institutions June 25th

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