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 2027
First Quarter
July
- FY 2026 Close
- FY 2026 Year-End Analysis
- NSF and Section 117 Reporting Due
August
- FY 2026 Operating Review Meetings
- FY 2027 Capital Budgeting Begins
- Budget Book (Appendix A)
September
- FY 2027 UGEN IDC and New Program Allocations Begin
- FY 2027 Capital Review
Second Quarter
October
- BOT Meeting (Full Board) on October 23
- FY 2027 Capital Review
- FY 2027 Q1 Forecasts Due on Friday, October 23 (tentative)
- FY 2027 Q1 Operating Report Released
November
- FY 2027 Capital Review (Updates before board meeting)
- FY 2026 Q1 Operating Review Meetings
December
- FY 2027 Final Capital Finance Committee Meeting on December 08
Third Quarter
January
- FY 2027 Q3 Forecasts Due on Monday, January 25 (tentative)
- FY 2026 Q3 Operating Report Released
February
- BOT Meeting (Full Board) on February 26
- FY 2026 Q2 Operating Review Meetings
March
- Final FY 2028 Budget Guidelines Released
Fourth Quarter
April
- FY 2028 Operating Budgets Due
- FY 2028 Operating Budget Review & Analysis
- FY 2027 Q3 Forecasts Due on Friday April 23 (tentative)
- FY 2027 Q3 Operating Report Released
May
- FY 2028 Budget Review
- BOT Finance Committee Meeting on May 11
- FY 2027 Q3 Operating Review Meetings
- 3-Year Planning Begins for UGEN/Schools
June
- FY 2028 FINAL Operating Budget Presented to BOT (Full Board) on June 11
- Finalize FY 2028 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.