Operating Budget Development Timeline

DRAFT FY2026 Operating Budget Creation Timeline (June 1, 2024 - May 31, 2025)

Fall 2024

September

  • 9/6 Fall 2024 census. Continuing student and net tuition models refreshed.
  • 9/10 Fall 2024 census results are reported by AVP Institutional Research and Analytics.
  • 9/17 New student enrollment five-year target spreadsheets are issued; FY25 Q1 meeting of the Operating Forecast Group.
  • 9/19 UBAC meeting; Board eBook deadline: summer and fall enrollment results, FY25 operating forecast.
  • 9/26-27 Board of Trustees Q1 meetings.

October

  • 10/1 Budget Assist is opened for FY26 proposals.
  • 10/15 New student enrollment five-year target spreadsheets are due.
  • 10/17 UBAC meeting.
  • 10/18 Proposals for new course fees or other fee changes are due. 
  • 10/22 Council of Deans and Provost’s Team recommend approval of FY26 tuition and fee levels, as well as FY26 enrollment targets.
  • 10/23 AVP Planning and Budget advances proposed new student enrollment targets for Cabinet discussions.
  • 10/30 Cabinet and President considers FY26 tuition and fee proposals, as well as FY26 enrollment targets, to the Board of Trustees.

     November

  • 11/8 Budget Assist is closed for FY26.
  • 11/11 Board eBook deadline: FY26 tuition and fee recommendations, FY26 enrollment targets, FY25 operating forecast update.
  • 11/15 FY25 Q2 meeting of the Operating Forecast Group.
  • 11/21 UBAC meeting.

December

  • 12/5-6  Board of Trustees Q2 meetings: approval of FY26 tuition and fee recommendations, as well as enrollment targets.
  • 12/19 UBAC meeting.
  • 12/20 Budget Assist decision-making spreadsheet issued to the President.
  • 12/20 Due date for Provost to approve all FY26 cohort/program launches/cancellations.
  • 12/20 President’s Cabinet reviews Budget Assist proposals and receives recommendations from UBAC.
  • 12/21 President and VP Business & Finance confer and President makes final decisions concerning FY26 Budget Assist proposals.

January 2025

  • 1/15 President’s Cabinet meeting. Cabinet discusses budget-balancing efforts.
  • 1/16 UBAC meeting (optional)

February

  • 2/7 Spring 2025 Census; continuing student and net tuition models refreshed.
  • 2/14 FY25 Q3 meeting of the Operating Forecast Group.
  • 2/19 Cabinet discusses returned savings.
  • 2/20 UBAC meeting.

March

  • 3/7 Board eBook deadline: FY26 Board operating budget report, FY25 operating forecast update.
  • 3/27-28 Board of Trustees Q3 meetings.

April

  • 4/3 UBAC meeting.

May

  • 5/15 FY25 Q4 meeting of the Operating Forecast Group.
  • 5/19 Board eBook deadline: FY24 operating forecast update, review of anticipated FY25 enrollment outcomes.
  • 5/22 UBAC meeting.

June

  • 6/1 FY26 begins.
  • 6/9-10 Board of Trustees Q4 meetings.