Operating Budget Development Timeline
Fiscal Year 2028 (June 1, 2027 - May 31, 2028) Operating Budget Development Timeline (as of May 13, 2026)
August 2026
- 8/20 New student enrollment five-year target spreadsheets issued by OPB.
- 8/27 UBAC meeting: Undergraduate tuition and fee comparison study, university inflation report, tuition increase and retention rate analysis, draft undergraduate tuition increase discussion.
September
- 9/2 President and Provost receive undergraduate tuition increase recommendation from UBAC.
- 9/10 New student enrollment five-year target spreadsheets, undergraduate discount rates, and undergraduate retention rate are due.
- 9/11 Fall 2026 Census. Continuing student and net tuition models refreshed in the following days.
- 9/17 Board eBook deadline: summer and fall enrollment, FY27 Q1 operating forecast, FY28 enrollment, tuition, fees and financial aid recommendations.
- 9/24-25 Board of Trustees Q1 meetings.
- 9/29 UBAC meeting: summer and fall enrollment results, FY27 Q1 operating forecast, approved FY28 enrollment, tuition, fees and financial aid recommendations.
October
- 10/1 Budget Assist is opened for FY28 proposals.
- 10/22 UBAC meeting.
- 10/30 Budget Assist is closed for FY28.
November
- 11/19 UBAC meeting: FY28 Budget Assist discretionary requests review.
- 11/25 President and Chief Financial Officer receive Budget Assist discretionary requests recommendations from UBAC.
December
- 12/3 OPB Board eBook submission: FY27 Q2 operating forecast.
- 12/10-11 Board of Trustees Q2 meetings.
- 12/19 UBAC meeting.
February 2027
- 2/12 Spring 2027 Census; continuing student and net tuition models refreshed in the following days.
- 2/18 UBAC meeting.
March
- 3/11 Board eBook deadline: FY28 Board operating budget report, Three-Year Financial Plan update, FY27 Q3 operating forecast.
- 3/18-19 Board of Trustees Q3 meetings.
- 3/25 UBAC meeting.
May
- 5/13 UBAC meeting.
- 5/31 Board eBook deadline: FY27 Q4 operating forecast, summary of estimated FY28 enrollments and net tuition.
June
- 6/1 FY28 begins.
- 6/14-15 Board of Trustees Q4 meetings.
Fiscal Year 2027 (June 1, 2026 - May 31, 2027) Operating Budget Development Timeline
August and September 2025
- 8/21 New student enrollment five-year target spreadsheets issued by OPB.
- 9/4 UBAC meeting: Undergraduate tuition and fee comparison study, university inflation report, tuition increase and retention rate analysis, draft undergraduate tuition increase discussion.
- 9/5 Fall 2025 Census. Continuing student and net tuition models refreshed.
- 9/9 President and Provost receive undergraduate tuition increase recommendation from UBAC.
- 9/10 New student enrollment five-year target spreadsheets are due.
- 9/11 Board eBook deadline: summer and fall enrollment, FY26 Q1 operating forecast, FY27 tuition and fees recommendations.
- 9/18-19 Board of Trustees Q1 meetings.
- 9/25 UBAC meeting: summer and fall enrollment results, FY26 Q1 operating forecast, approved FY27 tuition and fees recommendations.
October
- 10/1 Budget Assist is opened for FY27 proposals.
- 10/23 UBAC meeting.
- 10/28 Town Hall.
November
- 11/7 Budget Assist is closed for FY27.
- 11/20 UBAC meeting: FY27 Budget Assist discretionary requests review.
- 11/24 President and Chief Financial Officer receive Budget Assist discretionary requests recommendations from UBAC.
11/25 OPB Board eBook submissions: FY27 enrollment and net tuition targets, FY26 Q2 operating forecast.
December
- 12/4-5 Board of Trustees Q2 meetings.
- 12/18 UBAC meeting.
February 2026
- 2/13 Spring 2026 Census; continuing student and net tuition models refreshed.
- 2/19 UBAC meeting.
March
- 3/13 Board eBook deadline: FY27 Board operating budget report, FY26 Q3 operating forecast.
- 3/26-27 Board of Trustees Q3 meetings.
- 3/31 UBAC meeting.
May
- 5/11 Town Hall.
- 5/14 UBAC meeting.
- 5/26 Board eBook deadline: FY26 Q4 operating forecast, summary of estimated FY27 enrollments and net tuition.
June
- 6/1 FY27 begins.
- 6/8-9 Board of Trustees Q4 meetings.