Budgeting Calendar

Budgeting Calendar

External Operating Budget - Calendar

July Program Priority Requests submitted to the IBHE
September Historical reports submitted to the IBHE
October Operating Budget Requests submitted to the IBHE
December Review IBHE Discussion Budget
  Review IBHE Budget Recommendations to the Governor
  Receive Illinois State Legislative Questions
February Draft Appropriation Bill submitted to the Appropriation Committees’ staff members
  Review Governor’s Budget Recommendation
March/April Senate and House Appropriation Hearings in Springfield
May/June General Assembly enacts and Governor approves the Appropriation Bill

Internal Operating Budget - Calendar

The following schedule represents a typical year.  The Budget Office sends out emails notifying persons when the reports are available and the due dates.

July Compile, approve and load departmental budgets for the new fiscal year
September Seek BOT approval of the current fiscal year’s internal operating budget
October 3 month budget reviews for Funds 02 and 04
November 4 month budget reviews for Funds 29 and 41 and 55
February 7 month budget reviews for Funds 02 and 04
April 9 month budget reviews due for Funds 29 and 41 and 55
  Schedule annual budget meeting with department business managers
May 10 month budget reviews due for Funds 02 and Fund 04
  Budget Office meets with departmental business managers to review instructions
for upcoming budget development process
June Budget transfers for current FY must be submitted before month end.
  Seek BOT approval for next FY’s operating budget guidelines
  Budget development documents are due to the Budget Office
  Seek BOT approval for next FY’s preliminary budget authority