Annual Budget Cycle

This is what the Budget Administration unit within Resource Planning is working on during each month of the fiscal year.

All units are invited to use this information to help plan their own financial activities throughout the year.

 

April

Make  changes to working papers submitted by departments

May   

Begin processing temporary budget journals for the year
Continue to work on W.P.’s
Enter Fiscal Estimates and allocations & Budget Reductions (if any)

June   

Flex entered into the Budget

July    

Process the academic salary settlement if available
Enter EPE budgets

August    

Process Academic new hires, resignations & retirements

September    

Cutoff to permanent budget adjustments
Process benefits adjustment

October

Finalize base budget and prepare published budget summaries
Internal initiation of next budget year (still processing temporary changes for current year)

November

Support/Academic turnover, Support Merit Increment & support salary settlement

December

Continue working on working paper preparation

January

Continue working on working paper preparation

February

Mail out working papers to units

March

Final month for entering temporary budget journals

        

Budget Overview