Review IBHE Budget Recommendations to the Governor
State Legislative Questions
February
Draft Appropriation Bill submitted to the Appropriation Committees’ staff members
Review Governor’s Budget Recommendation
March/April
Senate and House Appropriation Hearings in Springfield
May/June
General Assembly enacts and Governor approves the Appropriation Bill
Internal Operating Budget - Calendar
The following schedule represents a typical year. The Budget Office sends out emails notifying persons when the reports are available and the due dates.
July
Compile, approve and load departmental budgets for the new fiscal year
September
Seek BOT approval of the current fiscal year’s internal operating budget
October
1st Quarter budget review with Vice Presidents
November
4 month budget reviews for Fund 02
December
5 month budget reviews for Fund 55
January
6 month budget reviews for Fund 41
Semi-Annual (2nd Quarter) budget review with Vice Presidents and President
February
7 month budget reviews for Funds 29 and 04
Schedule annual budget meeting with department business managers
March
8 month budget reviews for Funds 02 and 55
Budget development documents are due to the Budget Office
April
9 month budget reviews for Funds 04 and 41
3rd Quarter budget reviews with Vice Presidents
Budget development hearings with Vice Presidents
May
10 month budget reviews for Funds 02 and 29
Seek BOT approval for next FY’s preliminary budget authority
June
Seek BOT approval for next FY’s budget authority
Budget transfers for current FY must be submitted before month end.
Seek BOT approval for next FY’s operating budget guidelines