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Budget Planning Cycle

Budget Planning Timeline
 UIC Budget CycleState Budget CycleEnrollment, Financial Aid & Student Data CycleBudget & Finance Management Cycle
Budget Preparation - State Funds
Salary Planning Cycle
JulyBudget discussions with UI SystemFiscal year begins (7/1)
Post accruals
Accounting P14 ends
Salary Planner closes
AugustDetailed budget preparation - CentralFall semester classes beginQ4 Reports
State lapse ends
Shorelight invoice - summer
New salary rates effective 8/16
Notices of non reappointment issued
SeptemberBoT approves budget
Tuition Guidance and Proposal request sent to Colleges
Course Fee deadline for spring
Historical reports submitted to IBHEFall 10th data census data
Entering UG report
Grad and Retention rates
Budget load in Banner
Carryforward funds posted
Deficit letters sent
Board approves academic appointments and salaries
OctoberBudget planning letter issued and meeting documents/ templates providedIBHE collects requests from all public universities and community collegesDevelop enrollment targets
Student Data Book
Deficit reduction plans due
NovemberTuition proposal due to systemUI System submits Operating and Capital budget request to the state of IL (CY+2) for BoT approvalFCIAA starts
DecemberIBHE recommendations to Governor (Office of Management and Budget)Fall tuition reports
Shorelight invoice - fall
BoT approved tuition and fees
Optional Phase I Budget Meetings begin
Illinois General Assembly convenes 2nd Wed in JanuaryAdmissions deadline regular admit (1/15)Q2 financial reports
FebruaryOptional Phase I Budget Meetings continueGovernor's budget proposal announced in State of the State Address
Draft appropriations bill
Spring 10-day census
FAFSA deadline (2/15)
Financial Aid Packaging (EOM)
Tuition projections (CY +1)
MarchPhase 2 budget meetings beginSenate and House Appropriations hearings
Operating and Capital budget request development (CY+2)
HLC institutional update due
AprilPhase 2 budget meetings continueSenate and House Appropriations hearings
Operating and Capital budget request development (CY+2)
Admissions deadline fall transfer admit (4/1)
Enrollment projections
Q3 financial reports
Spring tuition reports
MayBudget planning - Central
Tuition projections
Deadline for legislature to approve budget with simple majority (5/31)Shorelight invoice - spring
JuneBFA issues unit budget allocations
F&A projections
Budget and Salary Guidelines issued
Appropriation bill enactedIntent to enroll deadline (6/1)Fiscal year ends (6/30)
Budget Preparation - Institutional Funds
Salary Planner opens