Budget Calendar
Fiscal Year 2012
July 2011
- Amended FY 2012 & FY 2013 Budget Development
- Amended FY 2012 and FY 2013 institution reduction plans - TBD
August 2011
- FY 2011 Budget To Actuals due from institutions August 8th to August 15th
- FY 2011 Annual Expenditure Report (AER) due from institutions August 31st
- Board of Regents approves Amended FY 2012 & FY 2013 budget requests to be submitted to OPB
September 2011
- Amended FY 2012 & FY 2013 USG budget requests submitted to OPB (September 1st)
- OPB and legislative budget offices begin detailed review of USG budget requests
- BOR staff review AER and Budget To Actuals submissions following up with institutions as necessary
- Quarterly budget projections due from institutions September 9th
- First Quarter budget amendment due from institutions September 16th
October 2011
- OPB and legislative budget offices continue detailed review of USG budget requests
- First Quarter Expenditure Report data sent to institutions for review on October 6th
- Institutions complete review and submit the First Quarter Expenditure Report data on October 13th
- FY 2013 Mandatory Fee, Professional Program Tuition, Graduate Tuition, E-Rate, Miscellaneous Fee, and Housing and Food Services request instructions issued
November 2011
- OPB and legislative budget offices continue detailed review of USG budget requests
- Institutions preparing FY 2013 Mandatory Fee, Professional Program Tuition and Graduate Tuition requests
December 2011
- OPB and legislative budget offices continue detailed review of USG budget requests
- Instructions issued for 5-year auxiliary plans
- FY 2013 Revenue Projections due from institutions December 2nd
- FY 2013 Mandatory Fee requests due from institutions December 16th
- Second Quarter budget amendment due from institutions December 16th
- Budget Office begins review of mandatory fee requests
January 2012
- Second Quarter Expenditure Report data sent to institutions for review January 5th
- Institutions complete review and submit final Second Quarter Expenditure Report data January 12th
- Chancellor presents Amended FY 2012 & FY 2013 budget request to Joint Appropriations Committee
- General Assembly continues review and hearings on Amended FY 2012 & FY 2013 budgets
- FY 2013 Miscellaneous Fee, and Housing and Food Services due from institutions due January 13th
- FY 2013 Base Graduate Tuition requests due from institutions January 20th
- FY 2013 Professional Program Tuition requests due from institutions January 20th
- Budget Office begins review of FY 2013 Professional and Graduate tuition requests
February 2012
- General Assembly continues review and hearings on Amended FY 2012 & FY 2013 budgets
- 5-Year Auxiliary Plans due from institutions February 10th
- FY 2013 Mandatory Fees, Professional Tuition and Graduate Tuition final analyses and recommendations by BOR staff (late February - March)
March 2012
- General Assembly passes Amended FY 2012 Budget
- General Assembly passes FY 2013 Budget (late March - early April)
- Third Quarter budget amendment due from institutions March 16th
- Chancellor’s FY 2013 institution budget allocation recommendations are finalized and submitted to the Board of Regents for approval
April 2012
- FY 2013 Allocation, Tuition and Fees recommendations presented to the Board of Regents for approval
- FY 2013 State Fund Allocations, Tuition and Fees amounts/rates sent to all institutions with Budget Guidelines
- Third Quarter Expenditure Report data sent to institutions for review April 5th
- Institutions complete review and submit final Third Quarter Expenditure Report data April 12th
- Institutions submit FY 2013 Original Budget April 30th
- Begin developing budget strategy for FY 2014
May 2012
- Budget Office reviews FY 2013 Original Budget submissions
- FY 2013 E-Rates due from institutions due May 4th
- FY 2013 Original Budget presented to Board of Regents for approval
June 2012
- Initial FY 2013 Annual Operating Budget submitted to OPB June 4th
- Information request and template for New Square Footage projection for FY 2014 budget development sent to institutions June 11th (due from institutions June 27th)
- Health insurance and retiree fringe benefit projection templates for FY 2014 budget development sent to institutions June 11th (due from institutions June 27th)
- Final budget amendments for FY 2012 due from institutions June 25th