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

FY22 Budgeting Updates

FY22 FIN Basic Guide

FY22 SAL Basic Guide

Transfer procedures:

Entering Budget Transfers

Budget Transfer Upload

FY22 assumptions

Name	Rate
General Revenue Allocation	Variable
Benefit rate on compensation Per Person Benefit Pay Based Benefit         FICA	$10,000 16.15% 7.65%
Institutional support rate	5.0372%
Endowment income	7.3%
Investment income	0.5%

 

FY22 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 02, 2021

  Hyperion is open to budget

• March 29, 2021

  Spring break begins

• April 02, 2021

  Spring break ends

• May 03, 2021

  Budget ends for CSDs – MU workflow turned on

• May 04, 2021

  Campus budget office adjustments begin

• May 17, 2021

  Campus budget office adjustments end

• May 18, 2021

  Final edits completed to budget snapshot

Hyperion events calendar

Previous budget assumptions and calendars

FY21 assumptions and calendar

FY20 assumptions and calendar

FY19 assumptions and calendar

 

Questions?