Stanford Budget Cycle Chris and Supriya – 20 min

Annual Budget Cycle: Chris – 10 min Stanford's annual budget cycle commences in November and concludes in October of the following year. This is offset from Stanford's fiscal year which begins in September and ends in August. The budgeting process and related activities include reviewing actuals from the recently closed (i.e., prior) fiscal year, making projections for the current fiscal year, and forecasting / planning for the next fiscal year. Financial Management Services September 13, 2019

Budget Plan (March – April) The goal of the Budget Plan phase: Project current fiscal year-end performance based on what's happened so far in order to prepare a high-level forecast for the next fiscal year. Chris – 10 min include disclaimer Alternative minimum tax (AMT) rules have been greatly eased Dean of Research September 13, 2019

Budget Plan (March – April) The deliverables for Budget Plan phase: Year-end budget forecast FY18 (Feb 28th) Projected year-end variances FY18 (Feb 28th) Budget forecast for next fiscal year – FY19 (Mar 26th) Chris – 10 min include disclaimer Alternative minimum tax (AMT) rules have been greatly eased Dean of Research September 13, 2019

FY Budget Cycle: Chris – 10 min Financial Management Services September 13, 2019

Booked Budget (April – August) The goal of the Booked Budget phase: Enter FY19 Budget into Tidemark for FY19. Chris – 10 min include disclaimer Alternative minimum tax (AMT) rules have been greatly eased Dean of Research September 13, 2019

Booked Budget (April – August) The deliverables for Booked Budget phase: Budget forecast for next fiscal year – FY19 (May 30th) DoR to upload Revenue, Transfers, and Expenses (June) Units review data in Tidemark (July) Chris – 10 min include disclaimer Alternative minimum tax (AMT) rules have been greatly eased Dean of Research September 13, 2019

FY Budget Cycle: Chris – 10 min Financial Management Services September 13, 2019

Any Questions? Dean of Research September 13, 2019