TU Budget Process Timeline

The internal resource planning and allocation process occurs annually, enabling the university to develop the operating plan and budget while gathering critical data for the University System of Maryland and state budget cycles. 

calendar Month & Year FISCAL YEAR fy internal operating budget
September 2023

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fall headcount and full-time equivalency year-over-year to president and president's cabinet
October 2023

FY24 operating budget and plan book published
October 2023

FY25 internal budget instructions, including fee instructions, sent to Divisional Budget Officers (DBOs)
November 2023

FY25 housing fee presented to Student Government Association (SGA)
December 2023

Following fiscal year financial aid budget provided to Financial Aid
University Budget Committee (UBC) and Resource Planning and Advisory Committee (RPAC) meetings to discuss FY25 strategic direction
January 2024

Internal FY24 budget submission due to University Budget Office (UBO)
FY25 budget review with VPs and CFO
January 2024

President's Cabinet (PC) reviews division's FY25 submissions (including fee proposals)
 Late January 2024

Pre-meeting with student leadership prior to fee forum
February 2024

FY25 fee forum presentation to SGA
PC approves preliminary FY25 budget
March 2024


RPAC reviews preliminary FY25 budget
Late March 2024

FY25 phase two internal budget instructions sent to DBOs 
Late April 2024

Internal FY25 budget submission due to UBO
June 2024

FY25 internal budgets loaded 
July 2024

 

 

 

2025

 

Beginning of fiscal year
August 2024  
September 2024  
October 2024

FY25 Operating Budget and Plan book published
November 2024  
December 2024

UBC and RPAC meetings to discuss FY26 strategic direction