Operating Budget

Budget development schedule

The annual operating budget development schedule is driven by both internal planning processes and Board of Regents reporting requirements. Below are the primary milestones for the university's annual operating budget development process.

State appropriations and tuition proposals to Board of Regents

Aug/Sept

Establish priorities for budget planning

October

Board of Regents approves tuition rates

December

Preliminary enrollment and revenue projections

December

Governor submits state budget proposal

January

Divisions submit preliminary budget plans

February

Updated enrollment and revenue projections

March

Divisions submit updated budget plans

April

Scheduled last day of legislative session

April/May

Final enrollment and revenue projections

May

Finalize parameters for employee compensation

May

Finalize budget allocations

June

Divisions submit final budget plans June

Board of Regents approves budget

August

Budget priorities and plans

Multi-year priorities are the primary areas and activities that the university plans to invest new, and/or reallocate existing, resources and are intended to guide the university's financial planning process. The priorities that will guide the budget development of the upcoming fiscal year are finalized in October.

Using the priorities as a basis, each of the university's three divisions develop annual budget plans. The budget plans describe the division's plans for investing in the university priorities. Preliminary annual budget plans are submitted in February, updated in April, and finalized in June.

 

FY2016 Final Budget

A brief overview of the FY2016 budget is provided here.

On overview of the FY2016 General Fund budget can be found by clicking on the following links:

Narrative

Tables

On overview of the FY2016 Restricted Funds budget can be found by clicking on the following links:

Narrative

Tables