University Planning

Annual Budget

The Office of Budgeting and Planning is responsible for coordinating the annual University budget process, collecting and analyzing data to support the annual budget presented for Board approval, and monitoring the University budget throughout the fiscal year. We provide support to units on the development of their budgets through models, guidance, and budget tools.

The annual budget process begins in the fall with the University divisions assessing their needs and plans for the next fiscal year. In the spring, the Budgeting and Planning Office provides expense targets to the divisions, who in turn allocate the funds within their units. The Board of Trustees approves the final annual budget in May. The budget timeline can be reviewed here.

For guidance on spending in Fiscal Year 2021, go to the Budget Guidance webpage or click here.

Long-Term Planning

The Budgeting and Planning Office also prepares and maintains the long-range forecast. Information is frequently gathered from all divisions of the University for enrollment trends and targets, new academic programs and other University initiatives. The forecast is continually updated and provides valuable input for enterprise-level decision making. As part of the long-range forecast and annual budget process, the office also performs scenario modeling and analysis of financial projections to various stakeholders across the University.