Budget Calendar
Following is a description of the activities and their timing under the University’s annual budget process.
| Timeframe | Activity |
| July 1 | Start of the University fiscal year |
| October 1 | Start of the State fiscal year |
| October | Schools/Colleges receive financial planning parameters and enrollment projection request |
| January – February (rolling dates) | Schools/Colleges submit budget plan documents (Budget narrative and five-year financial projection) |
| January | Governor’s State of the State (including proposed funding for higher education) |
| February-March | Budget conferences with schools/colleges |
| February – May | Discussions with the Board of Regents (Finance, Audit and Investment Committee and Personnel, Compensation and Governance Committee), EOs, and deans |
| March – April | Testimony to the Michigan Senate / Michigan House Higher Education Appropriation Committees; Bills approved by committees are sent to the Full House and Senate for approval |
| May – September | Senate / House Conference Committee reaches consensus on Higher Education appropriation |
| Mid-May | Preliminary Budget Allocation Reports distributed to schools/colleges |
| June | Recommendation of budget and tuition and fee rates is presented to the Regents |
| June | The Final Budget Allocation Reports based on the budget and tuition and fee rates approved by the Regents are distributed |
| Late July | Student tuition and fee rate schedule for coming academic year is distributed |
| July – September | Governor signs Education Appropriation Bills |
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