March-April |
Determine University personnel and staffing, and goods and services needs for the upcoming fiscal year, July 1-June 30. |
May |
Preliminary budget approved by the Board of Trustees. Submit budget adjustment requests (not all budget requests can be approved as our revenues can only sustain a certain level of expenditures). |
June |
Preliminary goods and services budget will be sent to departments as a baseline. |
June |
Submit any budget transfer requests (budget neutral changes). |
June-September |
Determine goods and services needs via cost analysis. |
September |
HR provides roster of updated personnel to CFO for review and Controller performs p. Institutional Research provides final student (10-day) count. |
September-October |
President and CFO review additional budget adjustment requests. |
October |
CFO prepares final budget based on 10-day count. The budget is tuition-driven and based on net program enrollment. |
November |
Final budget is presented to the Board of Trustees for approval. |
End of November |
Final budget will be uploaded to updated department budgets with any approved budget adjustments. |
Monthly |
Towards the end of each month (around the 25th), a monthly budget report will be emailed to all cabinet members, deans and budget managers. |