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Fiscal Affairs

Budget Calendar

Print friendly Modified September 12, 2014

Fiscal Year 2015

July 2014

  • Governor issues Amended FY15 & FY16 Budget Instructions
  • Amended FY 2015 & FY 2016 Budget Development

August 2014

  • FY 2014 Budget To Actuals due from institutions August 5th to August 14th
  • FY 2014 Annual Expenditure Report (AER) due from institutions August 29th

September 2014

  • Board of Regents approves Amended FY 2015 & FY 2016 budget requests to be submitted to OPB

  • Amended FY 2015 & FY 2016 USG budget requests submitted to OPB
  • OPB and legislative budget offices begin detailed review of USG budget requests
  • BOR staff review AER submissions, following up with institutions as necessary
  • First Quarter budget amendment due from institutions September 12th
  • Annual budget projections due from institutions September 25th (These projections will be based on the first quarter budget amendment).
  • FY 2016 Budget Hearing instructions issued


October 2014

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • Institutions complete and submit the First Quarter Financial Reports on October 10th
  • FY 2016 Revenue Projection instructions issued

  • FY 2016 Mandatory Fee, Professional Program Tuition, Graduate Tuition, E-Rate, Miscellaneous Fee, and Housing and Food Services request instructions issued

  • FY 2016 Budget Hearing narratives due

November 2014

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • Institutions prepare FY 2016 Mandatory Fee, Professional Program Tuition and Graduate Tuition requests
  • FY 2016 Budget Hearings for select institutions

December 2014

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • Instructions issued for 5-year Auxiliary Plans
  • FY 2016 Budget Hearings for select institutions
  • FY 2016 Revenue Projections due from institutions December 5th
  • FY 2016 Mandatory Fee requests due from institutions December 12th
  • Second Quarter budget amendment due from institutions December 12th
  • Budget Office begins review of mandatory fee requests


January 2015

  • Institutions complete and submit the Second Quarter Financial Reports on January 9th
  • Chancellor presents Amended FY 2015 & FY 2016 budget request to Joint Appropriations Committee

  • General Assembly continues review and hearings on Amended FY 2015 & FY 2016 budgets

  • FY 2016 Miscellaneous Fee, and Housing and Food Services due from institutions due January 13th
  • FY 2016 Base Graduate Tuition requests due from institutions January 16th
  • FY 2016 Professional Program Tuition requests due from institutions January 16th
  • Budget Office begins review of FY 2016 Professional and Graduate tuition requests

February 2015

  • General Assembly continues review and hearings on Amended FY 2015 & FY 2016 budgets

  • FY 2016 Budget Hearings for select institutions
  • 5-Year Auxiliary Plans due from institutions February 6th
  • FY 2016 Mandatory Fees, Professional Tuition and Graduate Tuition final analyses and recommendations by BOR staff (late February - March)

March 2015

  • General Assembly passes Amended FY 2015 Budget
  • General Assembly passes FY 2016 Budget (late March - early April)
  • Third Quarter budget amendment due from institutions March 13th

  • Chancellor’s FY 2016 institution budget allocation recommendations are finalized

April 2015

  • FY 2016 Allocation, Tuition and Fees recommendations presented to the Board of Regents for approval
  • FY 2016 State Fund Allocations, Tuition and Fees amounts/rates sent to all institutions with Budget Guidelines
  • Institutions complete and submit the Third Quarter Financial Reports on April 10th
  • Begin developing budget strategy for FY 2017

May 2015

  • Institutions submit FY 2016 Original Budget May 8th
  • Budget Office reviews FY 2016 Original Budget submissions
  • FY 2016 E-Rates due from institutions due May 8th
  • FY 2016 Original Budget presented to Board of Regents for approval at the May meeting

June 2015

  • Initial FY 2016 Annual Operating Budget submitted to OPB ~ June 1st
  • Information request and template for New Square Footage projection for FY 2017 budget development sent to institutions June 9th (due from institutions June 29th)
  • Health insurance and retiree fringe benefit projection templates for FY 2017 budget development sent to institutions June 9th (due from institutions June 29th)
  • Final budget amendments for FY 2015 due from institutions June 26th

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