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 2022
First Quarter
July
- FY 2021 Close
- FY 2021 Year-End Analysis
August
- FY 2021 Operating Review Meetings
- FY 2022 Capital Budgeting Begins
- UBC Work Plan
September
- FY 2023 UGEN IDC and New Program Allocations Begin
- FY 2022 Capital Review Meeting #1
Second Quarter
October
- BOT Meeting (Full Board) October 14-15
- FY 2022 Capital Review Meeting #2
- FY 2022 Q1 Forecasts Due on Friday, October 22
- FY 2022 Q1 Operating Report Released
- 3-Year Planning Begins for UGEN/Schools
November
- FY 2022 Capital Review Meeting #3
- FY 2022 Q1 Operating Review Meetings
- Financial Planning Retreat
- 3-Year Plan Guidelines Released
December
- FY 2022 Final Capital Finance Committee Meeting
- 3-Year Plans Due
Third Quarter
January
- FY 2022 Q2 Forecasts Due on Friday, January 21
- FY 2022 Q2 Operating Report Released
February
- BOT Meeting (Full Board) February 17-18
- FY 2022 Q2 Operating Review Meetings
March
- Final FY 2023 Budget Guidelines Released
Fourth Quarter
April
- FY 2023 Operating Budgets Due
- FY 2023 Operating Budget Review & Analysis
- FY 2022 Q3 Forecasts Due on Friday, April 22
- FY 2022 Q3 Operating Report Released
May
- FY 2023 Budget Review
- BOT Finance Committee Meeting
- FY 2022 Q3 Operating Review Meetings
June
- FY 2023 FINAL Operating Budget Presented to BOT (Full Board) on June 7-10
- Finalize FY 2023 Operating Budget in Hyperion PBCS, PeopleSoft Financials System and General Ledger
FY 2022 Forecast and FY 2023 Planning deadlines
Please consult the Budget and Financial Planning Calendar for additional updates to deadlines and dates.