Operating Budget Development Timeline

Fiscal Year 2028 (June 1, 2027 - May 31, 2028) Operating Budget Development Timeline (as of July 27, 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.
  • 10/21-22 Strategic Enrollment Planning Prioritization Summit.
  • 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.
  • 2/26 FY28 Savings due.

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.