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 2025
First Quarter
July
- FY 2024 Close
- FY 2024 Year-End Analysis
August
- FY 2024 Operating Review Meetings
- FY 2025 Capital Budgeting Begins
September
- FY 2026 UGEN IDC and New Program Allocations Begin
- FY 2025 Capital Review
Second Quarter
October
- BOT Meeting (Full Board) on October 25
- FY 2025 Capital Review
- FY 2025 Q1 Forecasts Due on Friday, October 18
- FY 2025 Q1 Operating Report Released
- 3-Year Planning Begins for UGEN/Schools
November
- FY 2025 Capital Review
- FY 2025 Q1 Operating Review Meetings
December
- FY 2025 Final Capital Finance Committee Meeting on December 10
Third Quarter
January
- FY 2025 Q2 Forecasts Due on Tuesday, January 21
- FY 2025 Q2 Operating Report Released
February
- BOT Meeting (Full Board) on February 14
- FY 2025 Q2 Operating Review Meetings
March
- Final FY 2025 Budget Guidelines Released
Fourth Quarter
April
- FY 2025 Operating Budgets Due
- FY 2024 Operating Budget Review & Analysis
- FY 2024 Q3 Forecasts Due on Friday, April 18
- FY 2024 Q3 Operating Report Released
May
- FY 2026 Budget Review
- BOT Finance Committee Meeting on May 13
- FY 2025 Q3 Operating Review Meetings
June
- FY 2025 FINAL Operating Budget Presented to BOT (Full Board) on June 6
- Finalize FY 2025 Operating Budget in Hyperion PBCS, PeopleSoft Financials System and General Ledger
Please consult the Budget and Financial Planning Calendar for additional updates to deadlines and dates.