Budget Process Timeline

The Vice President for Financial Affairs is responsible for Accounting, Budgeting and Reporting. 

Budget status reports sent monthly to all divisions/departments which require budget coordinators/managers to review and respond to flagged variances.  The Budget Office maintains a Teams site where reports and other budget information is available to those responsible for budget monitoring/reporting.

Fall

• Approval of Tuition & Housing rate ranges by the board for next year
• Budget enrollment for next year
• Major Parameters set
• Forecast current year
• Budget Development requesting

Winter

• Budget Working Group committee meetings
• BWG communication of budget approvals
• Finalization of rates and enrollment approved by board
• Update current year forecast

Spring

• Salary planning with Human Resources
• Final approval of budget with board
• Budget Development preparation for uploading to Banner
• Salary letter distribution
• Final forecast of current year