Budget Development
Budget development will be coordinated annually by the Office of Financial Planning, Analysis, and Budget. Budget development guidelines will be sent by each VP typically in January for the fiscal year that will begin in July. Details of the budget development process may vary from year to year. The budget development process is meant to chart at a high level the expenditures that are planned on for the fiscal year tied to the expected revenue projections for the same period. These expenditures will tie to the University's strategic plan.
Budget Development Sample Timeline
Timeline
| Activity | Who Is Responsible | Due Date |
|
Issue budget guidelines |
Planning, Budget & Analysis | Week 1 |
|
Send the BDT to Areas |
Planning, Budget, & Analysis | Week 2 |
|
General Fee Hearings |
Areas receiving general fee, VP of Student Affairs, Students, Budget Office | TBD |
|
Budget Office closes BDT |
Planning, Budget, & Analysis | Week 4 |
|
Fee requests due to Budget Office |
Planning, Budget, & Analysis | Week 4 |
|
Review databases & request clarification, if needed |
Planning, Budget, & Analysis | Week 6 |
|
Budget is compiled for presentation to Sr. Leadership |
Sr. VP of Finance & Administration/Budget Office | Week 7 |
|
Budget updated and revised based on Sr. Leadership |
Sr. VP of Finance & Administration/Budget Office | Week 8 |
|
Presidential Review |
President | Week 9 |
|
Final budget document is completed for presentation to the Finance Committee of Board of Trustees |
Sr. VP of Finance & Administration/Budget Office | Week 10 |
|
Prepare Budget Presentation for the Board of Trustees |
Sr. VP of Finance & Administration/Budget Office | Week 14 |
|
Load UT's budget into the Banner System |
Planning, Budget & Analysis | Week 16 |