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