Fiscal Year 2025 (July 1, 2024 through June 30, 2025)

Original DateDescription
September / OctoberEstablish budget process, initial modeling, vice presidents submit investment requests
November / DecemberDevelopment of overall parameters
February 12 Revenue & Expense budget materials distributed on campus
February 15President prepares final budget parameters for submission to the Finance Committee and the Board of Trustees
February 23Finance Committee of the Board of Trustees recommends budget parameters
February 29Board of Trustees approves budget paramenters
March 4Salary budget materials distributed on campus
March 11Revenue & Expense forms returned to Budget Office or electronic entry completed
March 18Salary deliberations completed for academic and non-academic areas; new year salary information returned to the Budget Office
Week of April 8Budget Office provides salary verification forms to vice presidents/deans
April 12Salary verification forms returned to the Budget Office
May 21Salary notification to individuals begins
July 1Fiscal year begins