Budgeting

The University’s fiscal year begins on July 1^st and ends on June 30^th. The annual budget for fiscal year controlled funds is prepared using Hyperion applications. The SALPLN (Salary Planning) application is used to enter and manage position, employee, and related compensation information. The compensation totals feed to the FINPLN (Financial Planning) application which is used to project an all funds budget of revenue and total expenditures. This planning occurs at the chartfield level within each college/school/divisions.

Hyperion training sessions and materials

FY21 Budget Key Points

FY21 FIN Basic Guide

FY21 SAL Basic Guide

Transfer procedures:

Entering Budget Transfers

Budget Transfer Upload

FY21 assumptions

Name	Rate
General Revenue Allocation	Variable
Benefit rate on compensation Per Person Benefit Pay Based Benefit         FICA	$10,500 14.96% 7.65%
Institutional support rate	5.0490%
Endowment income	7.3%
Investment income	1%

 

FY21 Budget Calendar

You can save a calendar attachment for any events occurring on or after today’s date by clicking on the link for each event.

• February 04, 2020

  Hyperion is open to budget

• March 23, 2020

  Spring break begins

• March 27, 2020

  Spring break ends

• May 01, 2020

  Budget ends for CSDs – MU workflow turned on

• May 04, 2020

  Campus budget office adjustments begin

• May 15, 2020

  Campus budget office adjustments end

• May 18, 2020

  Final edits completed to budget snapshot

Hyperion events calendar

Previous budget assumptions and calendars

FY20 assumptions and calendar

FY19 assumptions and calendar

FY18 assumptions and calendar

 

Questions?