FY 2016 Budget Development Calendar

February

• Governor’s budget message
• Review of FY '16 Internal Budget Call memo by Executive Council

March

• Budget call and divisional targets will be distributed by Budget Office
• Vice presidents will initiate budget calls within their divisions
• Operating departments begin development of budget proposals

April

• Budget proposals are completed by units and submitted to appropriate divisional
  vice presidents
• Vice presidents forward recommended budget requests to Budget Office; the Budget
  Office will begin analysis of divisional budget requests and prepare executive summaries

May – June

• President and Budget Office discuss budget proposals with Provost, academic deans and vice presidents
• President makes preliminary budget allocations
• Budget Office staff enter preliminary budget data into the financial system

July

• FY '16 begins
• FY '16 operating budget adjustments based on final State Appropriation
• Presentation of operating budget to Board of Trustees