Budget Planning Cycle
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Budget Development Planning Calendar Heading link
| UIC Budget Cycle | State Budget Cycle | Enrollment, Financial Aid & Student Data Cycle | Budget & Finance Management Cycle | Salary Planning Cycle | |
|---|---|---|---|---|---|
| July | Budget and salary guidelines issued | Budget discussions with UI System | Fiscal year begins (7/1) Post accruals Accounting P14 ends | Salary Planner closes | |
| August | Detailed budget preparation - Central | Fall semester classes begin | Q4 Reports State lapse ends Shorelight invoice - summer Prepare college financials | New salary rates effective 8/16 Notices of non reappointment issued |
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| September | BoT approves budget Tuition Guidance and Proposal request sent to Colleges Course Fee deadline for spring | Historical reports submitted to IBHE | Fall 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 |
| October | Budget planning letter issued and meeting documents/ templates provided | IBHE collects requests from all public universities and community colleges | Develop enrollment targets Student Data Book | Deficit reduction plans due | |
| November | Tuition proposal due to system Optional Phase I Budget Meetings begin | UI System submits Operating and Capital budget request to the state of IL (CY+2) for BoT approval | FCIAA starts | ||
| December | Optional Phase I Budget Meetings continue | IBHE recommendations to Governor (Office of Management and Budget) | Fall tuition reports FCIAA Shorelight invoice - fall | ||
| January | Optional Phase I Budget Meetings continue BoT approved tuition and fees | Illinois General Assembly convenes 2nd Wed in January | Admissions deadline regular admit (1/15) | Q2 financial reports FCIAA Escrow funds returned | |
| February | Phase 2 budget meetings begin | Governor'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) | |
| March | Phase 2 budget meetings continue | Senate and House Appropriations hearings Operating and Capital budget request development (CY+2) | HLC institutional upate due | ||
| April | Phase 2 budget meetings continue | Senate 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 | |
| May | Budget planning - Central Tuition projections | Deadline for legislature to approve budget with simple majority (5/31) | Shorelight invoice - spring | ||
| June | Budget letter BFA issues unit budget allocations F&A projections | Appropriation bill enacted | Intent to enroll deadline (6/1) | Fiscal year ends (6/30) | Salary Planner opens |