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 2024	2025	Fall headcount and full-time equivalency year-over-year to president and president's cabinet
October 2024		FY25 operating budget and plan book published
November 2024		FY26 internal budget instructions, including fee instructions, sent to Divisional Budget Officers (DBOs)
November 2024		FY26 housing fee presented to Student Government Association (SGA)
December 2024		Following fiscal year financial aid budget provided to Financial Aid University Budget Committee (UBC) and Resource Planning and Advisory Committee (RPAC) meetings to discuss FY26 strategic direction
December 2024		Internal FY26 budget submission due to University Budget Office (UBO) FY26 budget review with VPs and CFO
January 2025		President's Cabinet (PC) reviews division's FY26 submissions (including fee proposals)
Late January 2025		Pre-meeting with student leadership prior to fee forum
February 2025		FY26 fee forum presentation to SGA PC approves preliminary FY26 budget
March 2025		RPAC reviews preliminary FY26 budget
Late March 2025		FY26 phase two internal budget instructions sent to DBOs
Late April 2025		Internal FY26 budget submission due to UBO
June 2025		FY26 internal budgets loaded
July 2025	2026	Beginning of fiscal year
August 2025
September 2025
October 2025		FY26 Operating Budget and Plan book published
November 2025
December 2025		UBC and RPAC meetings to discuss FY27 strategic direction