Fiscal Affairs

Fiscal Affairs Division

Budget Calendar

Fiscal Year 2023

July 2022

* FY 2024 budget development templates for square footage due July 8th
* FY 2024 budget development templates for health insurance verified by July 8th
* FY 2022 Final Budget Amendment Due July 12th

September 2022

* FY 2024 budget request submitted to OPB by September 1st
* FY 2022 Carry-Forward Report due by September 9th
* FY 2021 revised and FY2022 Annual Expenditure Report (AER) due from institutions September 16th

October 2022

* FY 2023 First Quarter budget amendment due October 6th
* FY 2023 First Quarter Financial Reports due on October 18th
* FY 2023 Budget Hearing Materials for Select Institutions due on October 24th
* Presidential certification of Quarterly Reports due October 28th

November 2022

* FY 2023 Budget Hearing Materials for Select Institutions due on November 14th

January 2023

* Governor releases Amended FY 2023 & FY 2024 Budget Reports; Chancellor presents recommendations to Joint Appropriations Committee
* General Assembly conducts hearings and review of Amended FY 2023 & FY 2024 budget recommendations
* FY 2023 Second Quarter budget amendment due on January 10th
* FY 2023 Second Quarter Financial Reports with carry-forward updates due on January 17th
* FY 2024 Mandatory Fees due January 23rd
* FY 2024 Elective Fees due January 23rd
* Presidential certification of Quarterly Reports due January 27th

February 2023

* Five-Year Auxiliary Business Plans due February 24th

March & April 2023

* General Assembly passes FY 2024 Budget (late March - early April)

April 2023

* FY 2023 Third Quarter budget amendment due on April 10th
* FY 2023 Third Quarter Financial Reports with carry-forward updates due on April 19th
* Presidential certification of Quarterly Reports due April 28th

May 2023

* FY 2024 Original Budget due May 26
* Initial FY 2024 Annual Operating Budget submitted to OPB by USG Budget Office by May 31st
* FY 2024 Allocation, Tuition, and Fee recommendations presented to the Board of Regents for approval. Delivered to institutions after approval

June 2023

* FY 2024 Original Budget presented to Board of Regents for approval at the June meeting

July 2023

* Final budget amendments for FY 2023 due July 14th