FY 18 & 19 Operating and Capital Budget Calendar Page 1 of 5

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1 Page 1 f 5 August 1, 2017 Run faculty salary reprt in data warehuse t validate base salary crrect ntify Prvst f discrepancies (this is different than the Payrll reprt) September 2017 FY 2018 budget data available in Banner Perfrmance planning begins. September 1, st run f GFA exceptin reprt (Fall) due t the Prvst Business Manager handling Grad Ed, run n the 1 st and 15 th until end f the term. September 22, 2017 Startup funding FTRs due n r befre this date fr current FY Octber 2017 Frms and instructins fr capital funding requests fr FY 2019, FY 2020 FY 2021 distributed by the Administratin prtfli. Requests are due back t Administratin frm Prtflis refer t mem/timeline n the Capital Planning Prcess frm the VP f Administratin. Meeting with VP f HR t review cmpensatin and benefits. Nvember/December 2017 Administratin prtfli review FY 2018, FY 2019, FY 2020 f capital funding requests t evaluate cst estimates and timing. Meetings with key revenue prducers t validate assumptins Prvst, VP Advancement, VP Research, EMPAC Directr, Athletics Directr, Technlgy Park Directr. Oct/Nv/Dec 2017 Undergraduate Enrllment Planning, Summer Planning and the Cst f Attendance Cmmittees met t prepare FY 2019 prgram prpsals and pricing recmmendatins with revenue prjectins t the (including tuitin, husing and fd, Student Life activities and health fees, laptp) Octber 10, 2017 Data frm Banner, ERD, and Warehuse available fr first quarter update. Octber 12, 2017 The Frecast Access Mdel fr first quarter frecasting is pen. Requests are distributed fr capital budget prject Octber 26, 2017 First quarter frecasts are due frm prtfli wners, the access mdel is clsed. Requests frm the Budget fr initial input n FY FY 2023 revenue and Institute Wide

2 Page 2 f 5 Capital budget prject updates due t Budget earlier deadlines will be required frm Administratin. expense prjectins are distributed: - cnfirmatin f enrllments used by the Undergraduate Enrllment Planning, and Cst f Attendance Cmmittees wh recmmend pricing n all student related revenues - gift prjectins frm the VP fr Advancement - cnfirmatin f the five year research mdel frm the VP fr Research - Endwment spending frmula prjectins frm Cntrller s. - Technlgy Park incme prjectins frm the Directr f the Park - Utilities, debt service ther Institute and nt prtfli specific expenses - Cmpensatin and benefit prjectins FY19 FY23 develped by Human resurces. Wrk begins n five-year financial mdel and updated recmmendatins fr FY 2019 budget parameters Nvember 20, 2017 Perfrmance plans are cmplete and submitted t s. Faculty psitins requests submitted t the Prvst. Week f Nv 20 Nv 22 VP Finance & CFO reviews current year frecast Preliminary Five-year mdel presented t the with initial recmmendatins n budget parameters fr FY Nvember 20, 2017 Input n FY FY 2023 revenue and Institute Wide expense prjectins are due: cnfirmatin f enrllments used by the Undergraduate Enrllment Planning, and Cst f Attendance Cmmittees wh recmmend pricing n all student related revenues gift prjectins frm the VP fr Advancement cnfirmatin f the five year research mdel frm the VP fr Research update n endwment prjectins frm the

3 Page 3 f 5 Treasurer functin Technlgy Park incme prjectins frm the Directr f the Park EMPAC prjectins frm the Directr additinal revenue prpsals utilities, debt service ther Institute and nt prtfli specific expenses Cmpensatin and benefit prjectins FY18 FY19 develped by Human resurces Nv 27, 2017 Undergrad and Grad Cst f Attendance Meeting with. First draft f COA mem presented t with initial recmmendatins n tuitin, financial aid and enrllment prjectins December 8, 2017 Budget access mdel pened. December 22, 2017 FY 2018 budget instructins and target budgets issued. January 2, January 31, 2018 Administratin frmalizes capital funding requests. Finance t validate prpsed capital funding surces. Administratin and Finance t jintly cmpile and prepare frmal capital budget request fr review by the. VP f Finance & CFO and VP Administratin review final Capital Budget, review with the. One last review f FY 2019 revenue and Institute Wide expense assumptins by the Budget. Need fr updates will be cmmunicated t Prtflis respnsible fr the revenues and expenses. January 11, 2018 Data frm Banner, ERD, and Warehuse available fr secnd quarter update. Secnd quarter frecast requests distributed t prtflis frm Finance (Access mdel will nt be pened fr secnd quarter). Requests are distributed fr capital budget prject January 15, 2018 Request fr Cnstellatin research funds due t Prvst. January 19, 2018 Respnses n secnd quarter frecast requests due t Finance frm prtflis.

4 Page 4 f 5 Capital budget prject updates due t Budget earlier deadlines will be required frm Administratin. January 22-26, 2018 Budget review f FY 2019 budget submissin and presentatin need availability fr questins. January 29, 31, Feb 1, 2 Secnd quarter frecast and internal financial statements presented t the VP fr Finance & CFO Week f Jan 29-Feb 2 VP Finance and CFO reviews current year frecast Prtfli Budget Reviews Cabinet Five-year financial mdeling/fy 2018 budget cmpleted and prvided t the VP fr Finance & CFO. Draft f budget narrative and presentatin cmpleted and presented t the VP f Finance & CFO. February 1, 2018 Fiscal year 2019 Gap request due t the Prvst Request fr mdified teaching schedule fr summer 2018 academic year due t the Prvst Week f Feb 5-9 Resurce allcatin and verall priritizatin cmpleted. Draft budget narrative and presentatin cmpleted & presented t the fr discussin and finalizatin with VP f Finance & CFO. February 16, 2018 Run faculty activity reprt, exprt t Excel, highlight all variances frm plicy, and prvide explanatin feed gap analysis (faculty wrklad analysis) Week f Feb 12 Feb 16 Final draft f budget narrative and presentatin cmpleted and presented t the Feb 28 Mar 3, 2018 Bard f Trustees meeting. FY 2019 budget presented t the Bard. March/April 2018 Bard f Trustees meeting. FY 2019 apprved perating and capital budget allcatins cmmunicated t prtfli wners. March 31, 2018 Review designated fund balances and prepare requests fr startup fund extensins and send t Lead Business Manager Prvst.

5 Page 5 f 5 Spring 2018 Perfrmance appraisal prcess directed by HR FY 2019 nn-salary budgets t be laded int the financial system. April 1, 2018 Tenure/tenure track reappintments and Cntingent faculty reappintments due t the Prvst s. Preliminary teaching assignments fr Summer Arch 2018 due t the Prvst s April 5, 2018 Data frm Banner, ERD, and Warehuse available fr third quarter update. April 6, 2018 The frecast access mdel fr third quarter frecasting is pen. Requests are distributed fr capital budget prject April 18, 2018 Third quarter frecasts are due frm prtflis. Capital budget prject updates due t Budget earlier deadlines will be required frm Administratin. May 1, 2018 Summer Supplemental Pay Frms due t the Prvst s May 4, 2018 Third quarter frecast and internal financial statements presented t the VP fr Finance & CFO. Five-year financial mdel (updated fr frecast data nly) presented t the VP fr Finance & CFO. May 11, 2018 VP Finance & CFO reviews current year frecast Bard Material fr mailing due t s. May 17-19, 2017 Bard f Trustees meeting. Bard f Trustees meeting. Summer 2018 Year-end clsing. Separate calendar t be sent. FY 2019 psitin budget finalized during the perfrmance apprval prcess/t be entered int the mdel and then int the Banner financial system.