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Office of Budget and Financial Planning

Financial Planning Cycle

Financial Planning Cycle

Budget Planning Cycle

Both the annual operating and capital budgets are developed on a regular cycle each year.  Specific dates, including the deadlines for submitting quarterly forecasts, will change from year to year, but the overall general planning cycle remains constant.

Annual Steady-State Planning Cycle for FY 2018

First Quarter

July

  • FY 2017 Close
  • FY 2017 Year-End Analysis

August

  • FY 2017 Operating Review Meetings
  • FY 2018 Capital Budgeting Begins
  • UBC Work Plan

September

  • FY 2019 UGEN IDC and New Program Allocations Begin
  • UBC and Financial Planning Retreat Work
  • 3 Year Plan Guidelines Released
  • FY 2018 Capital Review Meeting #1

Second Quarter

October

  • BOT Meeting (Full Board) October 13-14
  • FY 2018 Capital Review Meeting #2
  • FY 2018 Q1 Forecasts Due on Friday, October 20
  • FY 2018 Q1 Operating Report Released
  • 3 Year Planning Begins for UGEN/Schools

November

  • FY 2018 Capital Review Meeting #3
  • FY 2018 Q1 Operating Review Meetings
  • Financial Planning Retreat
  • 3 Year Plans Due

December

  • FY 2018 Final Capital Finance Committee Meeting

Third Quarter

January

  • FY 2018 Q2 Forecasts Due on Monday, January 22
  • FY 2018 Q2 Operating Report Released
  • Preliminary FY 2019 UGEN IDC Budget Guidelines Released

February

  • BOT Meeting (Full Board) February 23-24
  • FY 2018 Q2 Operating Review Meetings
  • Final FY 2019 Budget Guidelines Released

March

  • FY 2019 Operating Budgets Due

Fourth Quarter

April

  • FY 2019 Operating Budget Review & Analysis
  • FY 2018 Q3 Forecasts Due on Friday, April 20
  • FY 2018 Q3 Operating Report Released

May

  • FY 2019 Preliminary Budget Review; BOT Finance Committee Meeting on May 15
  • FY 2018 Q3 Operating Review Meetings

June

  • FY 2019 FINAL Operating Budget Presented to BOT (Full Board) on June 2-3
  • Finalize FY 2019 Operating Budget in PeopleSoft Financials System and General Ledger

 

FY 2018 Forecast and FY 2019 Planning deadlines

Please consult the Budget and Financial Planning Calendar for additional updates to deadlines and dates.