College Annual Budget Cycle
FY26 Budget Cycle
11/18/24: Each member of the senior staff as well as select budget leads with large and complex budgets given a memo and their budgeted and actuals in FY24 and FY25 (to date)
12/2/24: Mike Chaplinski, Budget Manager, and Tijana Stefanovic, Interim Chief Financial Officer and Chief Administrative Officer, hold office hours at 1:30 pm in Guild 203 to answer questions and assist with completing these materials
12/6/24: Mike and Tijana hold office hours at 10am in Dalton 25 to answer questions and assist with completing these materials
12/9/24: Tijana and Mike share overview of revenue, reserves, and other resources available for the FY26 budget with senior staff
12/16/24: Budget submissions are due to Tijana and Mike, including Excel sheets and the response to questions in the template provided
1/13/25: Compilation of FY26 budget materials shared with senior staff and the College Budget Committee
1/15/25: Senior Staff retreat focused on the FY26 budget
Week of 1/20/25: January Budget Committee meeting; Committee will review FY26 materials
2/7/25: Board votes on undergraduate tuition and fees
2/12/25: Senior Staff meeting; continued budget review
2/17/25: February Budget Committee meeting; continued budget review
March: FY26 Budget proposal prepared for Board
4/25/25: FY26 budget presented to Board; Board to approve FY26 budget
May: Review Board-approved FY26 budget with senior staff and College Budget Committee