1. Stanford Budget Cycle
Chris and Supriya – 20 min

2. 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

3. 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

4. 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

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

6. 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

7. 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

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

9. Any Questions?
Dean of Research
September 13, 2019