Budget Development and the Budgetary Process

The budget process begins early in the fiscal year and is an annual collaborative effort between the various department heads, their staff, committees and their division vice presidents that involve developing budget plans to be implemented in future fiscal years. For example, budget development plans for fiscal years 2018 and 2019 are initiated in FY 2017.  The vice presidents, in collaboration with their operating unit heads, develop budget request priorities.

The University Budget Committee (UBC) meets with the vice presidents and reviews all requests and rationales.  The UBC was created by the Board of Trustees to widen representation in the budgetary process among the University's constituencies. The committee has diverse membership with representatives from each major division in the University and with participation from the faculty, administration, civil service and the student body.  The committee then compiles and prepares a summary of requests and sends budget recommendations for the next two (2) fiscal years to the President. The President then submits the University's operating and capital appropriation budget request to the Board of Trustees for review and approval.

Refer to the schedule for FY2018 and FY2019 budget process below.