Fiscal Affairs

Fiscal Affairs Division

Budget Calendar

Fiscal Year 2007

August 2006

* Board of Regents approves Budget Request for Fiscal Year 2008 * Budget request for Fiscal Year 2008 sent to OPB

September 2006

* OPB begin detailed review of USG budget requests * Information packet for Revenue Projections and sent to institutions September 8 (due September 29) * Annual Expenditure Reports (due September 15)

October 2006

* OPB and LBO continue review of budget requests - request additional information * Information packet for FY 2008 Fee Request sent to institutions October 6 (due December 15) * Budget Conference TBA * Budget Amendment for First Quarter due from institutions October 13

November 2006

* Institutions preparing FY 2008 Fee Request and Professional Program Tuiti

December 2006

* Fee Requests due from institutions December 15 * Budget Office begin review of fee requests

January 2007

* Governor presents FY 2008 Budget recommendations to the General Assembly * Chancellor presents FY 2008 Budget Request to Joint Appropriations Committee * BOR staff have budget discussions with institutions * Budget Amendment for Second Quarter due from institutions January

February 2007

* General Assembly passes FY 2008 Budget * General Assembly passes FY 2007 Amended Budget * Tuition and fees analysis by BOR staff

March 2007

* General Assembly passes FY 2008 Budget * General Assembly passes FY 2007 Amended Budget * Tuition and fees analysis by BOR staff

April 2007

* Allocation, Tuition and Fees recommendations approved at Board Meeting * State Allocations, Tuition and Fees sent to all institutions with Budget Guidelines * Budget Amendment for Third quarter due from institutions April 13

May 2007

* Institutions submit Original Budget for FY 2008 on May 21 * Budget Office reviews Original Budget submissions * Begin budget strategy for FY 2009

June 2007

* Board approves 2008 Original Budget at June meeting * Final budget amendments for FY 2007 due June 1 from institutions * Final clean up amendments due from institutions June 18 * Information request for New Square Footage projection for FY 2009 budget development sent to institutions June 8 (due June 25)

July 2007

* FY 2009 budget development * USG Final amended FY 2007 budget due to OPB * Fringe Benefit projections due from institutions June 25 * Unit B budget requests due July 2

August 2007

* Annual Expenditure Report (AER) due August 17

September 2007

* Board of Regents approves FY 2009 Budget Request