Budgeting Process
A general timeline of the fiscal year 2009-10 budgeting process is outlined below.
January and February 2008
- Office of Budget and Treasury plans and develops macro-level budgeting assumptions including 2009-10 tuition rates, financial aid requirements, salary merit percentages, and strategic expenditure allocations.
March 2008
- University Budget Committee develops recommendations for preliminary 2009-10 tuition rate increases and discusses strategic priorities and broad budget parameters.
April 2008
- Board of Trustees Finance Committee approves preliminary 2009-10 tuition rate increases.
- Office of Budget and Treasury distributes 2009-10 personnel and non-personnel request worksheets to Budget Administrators.
September 2008
- Worksheets for new personnel and non-personnel requests are collected.
- Office of Budget and Treasury compiles preliminary 2009-10 increase to operating budget which compares all incremental resources identified to all incremental strategic, mandatory, and critical requests.
October 2008
- University Budget Committee reviews preliminary increase to 2009-10 operating budget and discusses budget priorities in the context of balancing incremental expenditures to identified incremental resources.
- Office of Budget and Treasury presents the preliminary increase to the 2009-10 operating budget during two Open Budget Hearings for interested campus constituents.
November 2008
- University Budget Committee develops final recommendation for 2009-10 tuition rates and increase to operating budget.
December 2008
- Board of Trustees Finance Committee approves final 2009-10 tuition rates and increase to operating budget.
- Executive Council approves allocation by division of 2009-10 critical personnel and non-personnel funds.
February 2009
- Office of Budget and Treasury distributes 2009-10 equipment request worksheets to Budget Administrators.
March 2009
- Equipment request worksheets are collected and Executive Council approves allocation by division of 2009-10 equipment funds.
- Office of Budget and Treasury distributes 2009-10 salary and budget planning worksheets to Budget Administrators.
April 2009
- Budget Administrators balance salaries and operating budgets for assigned education and general departments, auxiliary units, academic incentive programs, and self-funded programs.
May 2009
- Salary and budget planning worksheets for 2009-10 are collected by Office of Budget and Treasury.
June 2009
- Office of Budget and Treasury balances and confirms all revenues and expenditures contained within the 2009-10 operating budget. Once verified, the information is loaded into the Oracle General Ledger and Project Accounting systems in time for the commencement of the new fiscal year on July 1.
