Operating Budget Development Timeline

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

August

September

9/3 Board of Trustees Q1 meetings.
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: summer and fall enrollment results, FY25 operating forecast.

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.
11/14 UBAC meeting.
11/15 FY25 Q2 meeting of the Operating Forecast Group.
11/18 OPB Board eBook submissions: FY26 tuition and fee recommendations, FY26 enrollment targets, FY25 operating forecast update.

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.

January 2025

1/9 President and Chief Financial Officer receive Budget Assist discretionary requests recommendations from UBAC.
1/15 President’s Cabinet meeting. Cabinet discusses FY26 Budget Assist proposals and related budget-balancing efforts.
1/16 UBAC meeting (optional)

February

March

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

April

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