Budget Planning Process Timeline
Below is a diagram of the budget planning process with key dates.
2023 - 2024 Budget Planning Dates:
- December 13: Framework
- February 21-23: Board Meeting
- May 8-10: Board Meeting
- June 30: Base Budget Distribution
- October 31: Additional Distribution of Funds: Operating/Strategic
Budget Planning Process:
- Revenue Budgeting: October 2023-January 2024
- Capital Budget (>1M): December 2023-January 2024
- MC Retreat/Budget Work: January-February 2024
- Meeting with Deans and Division Heads: March-April 2024
- Budget Requests Submission: August 2024
- Dean Prioritization of Budget Requests: September 1-14
- Division Prioritization of Budget Requests: September 15-30
- Metric-Base Budgeting Dashboard Development: October 2023-April 2024
- Evaluation of Strategic and Operating Budget Requests: October