Timeline

Executive Team develops upcoming fiscal year institutional goals

Unit plans are developed, refined and finalized

Institutional objectives are derived from unit plans

Preliminary revenue and expenditure forecasts are developed

Institutional Strategic Plan for upcoming fiscal year is developed, refined and finalized

Review and finalize tuition recommendation to the Board

Division-based discussion of budget adjustments and recommendations in conjunction with Budget Office for Costing

Executive Team Develops the Proposed Budget in conjunction with the Budget Office finalizing revenues and expenditures

Budget Office prepares Proposed Budget documents and presentation materials

Budget Committee reviews the Proposed Budget; approves budget and forwards to the Board

A Public Hearing is held and the Adopted Budget is prepared including any changes since the Proposed Budget

Board adopts the budget