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General Budget Development: Annual Timeline

 

March

Preliminary Budget Guidelines distributed, including budget reduction targets.

March - April

Divisions and departments respond with budget proposals.

 

Institute-level projection of revenues and expenditure plans to test overall budget balance.

May - June

Annual Salary Increase (ASI) Guidelines distributed.

Budget notices distributed to divisions and departments, with summary budget allocations.

Budget meetings held as needed for special circumstances.

August - September

Performance evaluations and salary increases determined.

September

General budget allocations for professorial and other faculty salaries finalized.

Divisions and departments submit general budget detail, by account (PTA) and expenditure category.

October

General budgets and approved carryforwards loaded into Oracle.