Operating Budget Development Timeline
Fiscal Year 2027 (June 1, 2026 - May 31, 2027) Operating Budget Creation Timeline
August and September
- 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.
- 9/18-19 Board of Trustees Q1 meetings.
- 9/25 UBAC meeting: summer and fall enrollment results, FY26 Q1 operating forecast.
October
- 10/1 Budget Assist is opened for FY27 proposals.
- 10/23 UBAC meeting.
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: approval of FY27 tuition and fee recommendations, as well as enrollment targets.
- 12/18 UBAC meeting.
January 2026
- 1/22 UBAC meeting (optional).
February
- 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.
April
- 4/2 UBAC meeting.
May
- 5/14 UBAC meeting (optional).
- 5/26 Board eBook deadline: FY26 Q4 operating forecast, summary of estimated FY27 enrollments.
June
- 6/1 FY27 begins.
- 6/8-9 Board of Trustees Q4 meetings.