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 2021




























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

October 2021

FY22 operating budget and plan book published

October 2021

FY23 internal budget instructions, including fee instructions, sent to Divisional Budget Officers (DBOs)

November 2021

FY23 housing fee presented to Student Government Association (SGA)

December 2021

Following fiscal year financial aid budget provided to Financial Aid
University Budget Committee (UBC) and Resource Planning and Advisory Committee (RPAC) meetings to discuss FY23 strategic direction

January 2022

Internal FY22 budget submission due to University Budget Office (UBO)
FY23 budget review with VPs and CFO

January 2022

President's Cabinet (PC) reviews division's FY23 submissions (including fee proposals)

 Late January 2022

Pre-meeting with student leadership prior to fee forum

February 2022

FY23 fee forum presentation to SGA
PC approves preliminary FY23 budget

March 2022

University Budget Committee (UBC) reviews preliminary FY23 budget
RPAC reviews preliminary FY23 budget

Late March 2022

FY23 phase two internal budget instructions sent to DBOs 

Late April 2022

Internal FY23 budget submission due to UBO

June 2022

FY23 internal budgets loaded 

July 2022






Beginning of fiscal year

August 2022  
September 2022  
October 2022

FY23 Operating Budget and Plan book published

November 2022  
December 2022

UBC and RPAC meetings to discuss FY24 strategic direction