ANNUAL BUDGET DEVELOPMENT CALENDAR

• • • State Priority Requests (Special Appropriations) are developed and submitted internally

• • • State Budget package is submitted
    • Vice Presidents will initiate budget requests within their divisions

• • • Budget request forms will be distributed by Budget Office

• • • Vice Presidents forward recommended budget requests to Budget Office ( Due Date 01.04.2024)
    • The Budget Office will prepare analysis of divisional budget requests and prepare different budget scenarios.

• • • Finance Discusses budget proposals during meetings with individual VPs
      
      

• • • Governor's budget message
    • CFO discusses high level budget with President

• • • Preliminary budget proposal is finalized
    • Preliminary budget proposal is presented to the Board of Trustees, Budget and Finance subcommittee

• • • Presentation of operating budget to Board of Trustees
    • Final Approval of operating budget by Board of Trustees
    • The Budget Office loads budget data from department worksheets into the banner system

• • The Fiscal Year Begins