Pacific University
Operational & Investment Opportunity Budget Timeline
Fiscal Year 2016/17
September 3 (Final)
Item
1
2
3
4
Strategic Plan Review 2016/17
 Review and update strategic plan
 Prioritize items
Tuition & Enrollment Modeling Group
 Organize group and gather information
 Review data and propose rates
 Determine Financial Aid Strategy
University Finance Committee
 Elect Officers, Set Meeting Schedule
 Review Budget Calendar
 Provide feedback during budget process




2016/17 Operational Budget Projections
Submit Revenues and Expenses for 2016/17
Submit 3 Year Capital Budget (>$5K, Items/Projects)
Compile and summarize budget information
Prepare Board Finance Materials (Due Nov 18)
5
2016/17 thru 2020/21 Investment Opportunities (IO)
 Submit budget plan for Continued and New IO’s
 Review, evaluate, and select IO’s
6
Board Finance Committee Reviews Proposed 2016/17
Enrollment & Tuition Rates
Board Receives Status of 2016/17 Budget Process
7
Balance FY 16/17 Operational & IO Budget
 Reconcile, review, and adjust as required to balance
draft budgets
 Prepare University budget summary and Board
reports and presentations (Due Feb 17)
8
9
10
11
Responsible
Month(s)
Start
Date
Due/End
Date
All Areas,
IR
May-Sep
2015
May 1
Sep 30
Budget Office,
Academic
Programs,
Admissions, IR
Sep-Oct
2015
Sep 2
Oct 9
Sept 1
Mar 31
Oct 1
Oct 1
Nov 1
Nov 13
Oct 31
Oct 31
Nov 13
Nov 18
Oct 1
Nov 1
Oct 31
Jan 31
VP Finance
All Areas
All Areas
Budget Office
Budget Office
All Areas
VP’s
Board of
Trustees
VP’s &
Budget Office
Budget Office
Sept, Oct,
Nov, Dec,
Jan, Feb,
Mar
Oct-Nov
2015
Oct-Jan
2015-2016
Dec 2015
Dec-Feb
2015-2016
Dec 4-5
Dec 7
Feb 5
Feb 5
Feb 17
Board Approves 2016/17 Budget
Board of
Trustees
Mar 2016
Mar 4-5
Board Confirms Budget Plans for 2016/17
Board of
Trustees
May 2016
May 19-20
All Areas,
IR
Jan-Sep
2016
Jan 1
Sep 30
Deans,
Directors,
VP’s
Jan-Sep
2016
Jan 1
Sep 30
Strategic Plan Review 2017/18
 Review Indicators
 Review and update strategic plan
 Prioritize items
Imagine Pacific 2020
 Review templates & program data
 Propose program changes