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Timeline

Untitled Document
FY2015 Timeline General OpBud
Budget Instructions and timeline are distributed to SVPs and VPs.September 23 
Phase I
Schools and Departments review and submit contractual agreements and high level FY2015 strategic & infrastructure requests to Provost/SVPs for review. September 24 - October 11
Provost/SVPs review and compile summary of contractual agreements and high level FY2015 strategic & infrastructure requests. October 11 - November 1
Provost/SVPs to submit their summary requests to SVP Finance/Office of Financial Planning & Analysis (OFP&A). November 1
OFP&A prepares budget summaries and pro forma FY2015 Statement of Activities. November 1-15  
OFP&A submits pro forma FY2015 Statement of Activities to SVP Finance for review.November 15 
Board of Trustees documents are due.November 22 
Preliminary Budget presented to the Board of Trustees.December 3 
Phase II
Schools and Departments to review and submit detailed requests by cost center to Provost/SVPs for review. November 25 - January 3
Provost/SVPs to review and revise detailed requests for submission. January 3 - 24
Provost/SVPs to submit final detailed budget requests to SVP Finance/OFP&A. January 24
OFP&A to start Hyperion Planning training. March 3
Preliminary Budget presented to the Board of Trustees. March 4  
OFP&A to end Hyperion Planning training. March 28
Hyperion Planning opens for Schools and Departments enter reallocations of FY2015 Budget by cost center. March 31
SVP Finance to present Final FY2015 Budget to the Budget, Planning and Development Committee of the Faculty Senate. However, consultation throughout the year will occur. April 21  
President and SVP Finance present Final FY2015 Budget to Cabinet. April 23  
Board of Trustees Finance Committee discusses and approves Final FY2015 Operating and Capital Budgets. May 6  
Board of Trustees approves Final FY2015 Operating and Capital Budgets. May 7  
Hyperion Planning closed for Schools and Departments to enter initial reallocations. May 16
Hyperion Planning reopens for Provost/SVPs review of reallocations. May 19
Hyperion Planning closed for Provost/SVPs review of reallocations. June 6
OFP&A reconciliation of Final FY2015 Budget in Hyperion Planning begins. June 14
OFP&A reconciliation of Final FY2015 Budget in Hyperion Planning ends. June 20
OFP&A loads FY2015 Budget into Banner and complete final reconciliation. June 20 - 27
FY2015 Budget is effective. July 1