Budget Calendar

Institutions submit new fee requests and internal revenue projections to the Board of Regents.
The governor presents the state budget to the general assembly. Institutions present budget plans to the BOR. BOR staff conducts budget discussions on budget plans submitted from Institutions.
February - March
General Assembly passes budget for the next Fiscal Year. Allocation strategy is developed by the BOR based on the general assembly's reaction to redirection, new formula etc.
Allocation recommendations are developed and approved at a Board Meeting. State allocations are sent to all institutions with Budget Guidelines and Tuition and Fees.
Institutions submit annual operating budget to the BOR
BOR approves new fiscal year budget submitted.
Fiscal Year budget implemented.