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 2024
First Quarter
July
- FY 2023 Close
- FY 2023 Year-End Analysis
August
- FY 2023 Operating Review Meetings
- FY 2024 Capital Budgeting Begins
- UBC Work Plan
September
- FY 2025 UGEN IDC and New Program Allocations Begin
- FY 2024 Capital Review
Second Quarter
October
- BOT Meeting (Full Board) on October 20
- FY 2024 Capital Review
- FY 2024 Q1 Forecasts Due on Friday, October 20
- FY 2024 Q1 Operating Report Released
- 3-Year Planning Begins for UGEN/Schools
November
- FY 2024 Capital Review
- FY 2024 Q1 Operating Review Meetings
- 3-Year Plan Guidelines Released
December
- FY 2024 Final Capital Finance Committee Meeting on December 12
Third Quarter
January
- 3-Year Plans Due
- FY 2024 Q2 Forecasts Due on Friday, January 19
- FY 2024 Q2 Operating Report Released
February
- BOT Meeting (Full Board) on February 9
- FY 2024 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 19
- FY 2024 Q3 Operating Report Released
May
- FY 2025 Budget Review
- BOT Finance Committee Meeting on May 14
- FY 2024 Q3 Operating Review Meetings
June
- FY 2025 FINAL Operating Budget Presented to BOT (Full Board) on June 7
- 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.