Fiscal Affairs

Strategy and Fiscal Affairs Division

Budget Calendar

Fiscal Year 2016

July 2015

  • Amended FY 2016 & FY 2017 Budget Development

August 2015

  • FY 2015 Budget To Actuals due from institutions August 4th to August 11th
  • FY 2015 Annual Expenditure Report (AER) due from institutions August 28th
  • FY 2016 MRR Allocations approved by Board of Regents at August meeting
  • Board of Regents approves Amended FY 2016 & FY 2017 budget requests (August or September meeting); request submitted to OPB


September 2015

  • OPB and legislative budget offices begin detailed review of USG budget requests
  • First Quarter budget amendment due from institutions September 11th
  • Annual budget projections due from institutions September 25th (These projections will be based on the first quarter budget amendment).
  • FY 2017 Budget Hearing instructions issued


October 2015

  • PPV Cash Flow Analysis due October 1st
  • OPB and legislative budget offices continue detailed review of USG budget requests
  • Institutions complete and submit the First Quarter Financial Reports on October 9th
  • FY 2017 Revenue Projection instructions issued

  • FY 2017 Mandatory Fee, 5-year Auxiliary Plan, Professional Program Tuition, Graduate Tuition, E-Rate, Miscellaneous Fee, and Housing and Food Services request instructions issued October 1st
  • FY 2017 Budget Hearing narratives due from Comprehensive Universities, State Universities, and State Colleges October 21st

November 2015

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • FY 2017 Budget Hearings for select institutions

December 2015

  • OPB and legislative budget offices continue detailed review of USG budget requests
  • FY 2017 Budget Hearings for select institutions
  • FY 2017 Revenue Projections due from institutions December 4th
  • FY 2017 Mandatory Fee requests, 5-year Auxiliary Plans, and PPV 10-year Projections due from institutions December 18th
  • Second Quarter budget amendment due from institutions December 18th

January 2016

  • Governor releases Amended FY 2016 & FY 2017 Budget Reports; Chancellor presents recommendations to Joint Appropriations Committee

  • General Assembly continues review and hearings on Amended FY 2016 & FY 2017 budgets

  • FY 2017 Budget Hearings for select institutions
  • Institutions complete and submit the Second Quarter Financial Reports on January 13th
  • FY 2017 Budget Hearing narratives due from Research Universities January 15th
  • FY 2017 Base Graduate and Professional Program tuition requests due from institutions January 15th
  • FY 2017 Miscellaneous Fee, and Housing and Food Services due from institutions due January 22nd

February 2016

  • General Assembly continues review and hearings on Amended FY 2016 & FY 2017 budgets

  • FY 2017 Budget Hearings for select institutions

March 2016

  • General Assembly passes Amended FY 2016 Budget
  • Third Quarter budget amendment due from institutions March 11th

  • General Assembly passes FY 2017 Budget (late March - early April)

April 2016

  • Chancellor’s FY 2017 institution budget allocation recommendations are finalized
  • FY 2017 Allocation, Tuition and Fees recommendations presented to the Board of Regents for approval
  • FY 2017 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 12th
  • Begin developing budget strategy for FY 2018

May 2016

  • FY 2017 E-Rates due from institutions due May 4th
  • Institutions submit FY 2017 Original Budget May 4th
  • Budget Office reviews FY 2017 Original Budget submissions
  • FY 2017 Original Budget presented to Board of Regents for approval at the May meeting
  • Initial FY 2017 Annual Operating Budget submitted to OPB by June 1st

June 2016

  • Information request and template for New Square Footage projection for FY 2018 budget development sent to institutions (due from institutions June 29th)
  • Health insurance and retiree fringe benefit projection templates for FY 2018 budget development sent to institutions (due from institutions June 29th)
  • Final budget amendments for FY 2016 due from institutions June 24th