Operating Budget Development Timeline

FY2025 Operating Budget Creation Timeline (June 1, 2023 - May 31, 2024)

Fall 2023

September

  • 9/8 Fall 2023 census. Continuing student and net tuition models refreshed.
  • 9/12 Fall 2023 census results are reported by AVP Institutional Research and Analytics.
  • 9/13 Board eBook deadline: summer and fall enrollment results, FY24 operating forecast.
  • 9/14 UBAC meeting.
  • 9/18 New student enrollment five-year target spreadsheets are issued; FY24 Q1 meeting of the Operating Forecast Group.
  • 9/19 UBAC Education Workshop: Financial Aid.
  • 9/28-29 Board of Trustees Q1 meetings.

October

  • 10/2 Budget Assist is opened for FY25 proposals.
  • 10/13 Proposals for new course fees or other fee changes are due. 
  • 10/16 New student enrollment five-year target spreadsheets are due.
  • 10/19 UBAC meeting.
  • 10/24 Council of Deans and Provost’s Team recommend approval of FY25 tuition and fee levels, as well as FY25 enrollment targets.
  • 10/25 AVP Planning and Budget advances proposed new student enrollment targets for Cabinet discussions.

     November

  • 11/1 Cabinet and President considers FY25 tuition and fee proposals, as well as FY25 enrollment targets, to the Board of Trustees.
  • 11/10 Budget Assist is closed for FY25.
  • 11/13 FY24 Q2 meeting of the Operating Forecast Group.
  • 11/15 UBAC meeting.
  • 11/17 Board eBook deadline: FY25 tuition and fee recommendations, FY25 enrollment targets, FY25 operating forecast update.

December

  • 12/7-8  Board of Trustees meetings: approval of FY25 tuition and fee recommendations, as well as enrollment targets.
  • 12/14 UBAC meeting.
  • 12/15 Budget Assist decision-making spreadsheet issued to the President.
  • 12/18 Due date for Provost to approve all FY25 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 FY25 Budget Assist proposals. 

January 2024

  • 1/17 President’s Cabinet meeting. Cabinet discusses budget-balancing efforts.
  • 1/18 UBAC meeting (canceled)

February

  • 2/9 Spring 2024 Census; continuing student and net tuition models refreshed.
  • 2/15 Cabinet returns FY25 expense savings (and any additional revenues) to OPB.
  • 2/16 FY24 Q3 meeting of the Operating Forecast Group.
  • 2/21 Cabinet discusses returned savings.
  • 2/22 UBAC meeting.

March

  • 3/4 Board eBook deadline: FY25 Board operating budget report, FY24 operating forecast update.
  • 3/21-22 Board of Trustees Q3 meetings.
  • 3/28 UBAC meeting.

April

  • 4/25 UBAC meeting.

May

  • 5/16 FY24 Q4 meeting of the Operating Forecast Group.
  • 5/22 Board eBook deadline: FY24 operating forecast update, review of anticipated FY25 enrollment outcomes.
  • 5/23 UBAC meeting.

June

  • 6/1 FY25 begins.
  • 6/10-11 Board of Trustees Q4 meetings.