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

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

* 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


* OPB and legislative budget offices continue detailed review of USG budget requests * Institutions complete and submit the First Quarter Financial Reports on October 13th * 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

* 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

* 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


* 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

* 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)

* 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

* 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

* 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

* 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