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 2020

First Quarter

July

  • FY 2019 Close
  • FY 2019 Year-End Analysis

August

  • FY 2019 Operating Review Meetings
  • FY 2020 Capital Budgeting Begins
  • UBC Work Plan

September

  • FY 2021 UGEN IDC and New Program Allocations Begin
  • UBC and Financial Planning Retreat Work
  • 3-Year Plan Guidelines Released
  • FY 2020 Capital Review Meeting #1

Second Quarter

October

  • BOT Meeting (Full Board) October 18-19
  • FY 2020 Capital Review Meeting #2
  • FY 2020 Q1 Forecasts Due on Monday, October 21
  • FY 2020 Q1 Operating Report Released
  • 3-Year Planning Begins for UGEN/Schools

November

  • FY 2020 Capital Review Meeting #3
  • FY 2020 Q1 Operating Review Meetings
  • Financial Planning Retreat
  • 3-Year Plans Due

December

  • FY 2020 Final Capital Finance Committee Meeting

Third Quarter

January

  • FY 2020 Q2 Forecasts Due on Tuesday, January 21
  • FY 2020 Q2 Operating Report Released
  • Preliminary FY 2021 UGEN IDC Budget Guidelines Released

February

  • BOT Meeting (Full Board) February 20-21
  • FY 2020 Q2 Operating Review Meetings
  • Final FY 2021 Budget Guidelines Released

March

  • FY 2021 Operating Budgets Due

Fourth Quarter

April

  • FY 2021 Operating Budget Review & Analysis
  • FY 2020 Q3 Forecasts Due on Tuesday, April 21
  • FY 2020 Q3 Operating Report Released

May

  • FY 2021 Preliminary Budget Review
  • BOT Finance Committee Meeting
  • FY 2020 Q3 Operating Review Meetings

June

  • FY 2021 FINAL Operating Budget Presented to BOT (Full Board) on June 4-5
  • Finalize FY 2021 Operating Budget in PeopleSoft Financials System and General Ledger

 

FY 2020 Forecast and FY 2021 Planning deadlines

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