INFORMATION

In the fall of each year, the Office of Budget Management requests information to develop central funding issues.  These requests include auxiliary nonfee revenues, internal rent, utilities, facilities management rates, telecom rates and card services rates. 

In addition, OBM requests that university divisions review their reporting authority and return surveys of efficiencies.

SCHEDULE OF EVENTS

Date

Event

October 5, 2020

Issue request for information to develop central funding issues to include auxiliary nonfee revenues, internal rent, utilities, facilities management rates, telecom rates and card services rates.  Issue request for university divisions to review reporting authority.  Issue instructions for efficiencies survey.

November 6, 2020

Specific units submit requested information concerning central funding issues.  All units submit updated reporting authority to Office of Budget Management.

November 6, 2020

Board of Visitors meeting.

December 16, 2020

University receives results of Governor’s budget and summaries submitted to the President and Sr. Vice President of Administration & Finance.

January 8, 2021

Efficiencies survey due to Office of Budget Management.

January 13, 2021

General Assembly session convenes.

January 27, 2021

Distribution of budget development materials to university divisions to include guidelines for reallocations, verification of permanent budget revisions, Federal Work Study and verification of full-time salary costs.

February 8-12, 2021

Opportunity for divisional budget discussions and presentations.

February 19, 2021

Board of Visitors meeting.

February 19, 2020

Departmental reallocations, Federal Work Study, and salary verifications due to Office of Budget Management.

February 27, 2021

General Assembly session ends - University receives the results of the House Appropriation, Senate Finance, and Conference committees.

March 11, 2021 (TBD)

Budget office provides tuition and fee data to JMU President & Sr. VP Admin & Finance in preparation of April 16, 2021, Board of Visitors meeting.

March 11, 2021 (TBD)

Budget office provides tuition and fee data to JMU executive management (i.e. Senior Leadership Team) in preparation of April 16, 2020, Board of Visitors meeting. 

March 15, 2021 (TBD)

Budget office presents preliminary budget to President’s Cabinet

March 15-19, 2021 (TBD)

Individual meetings with JMU Vice Presidents as needed.  Final JMU Senior Leadership Team expenditure recommendations provided to the Office of Budget Management. 

March 22, 2021

Budget office completes both the operating and personnel budgets for FY 2022 as approved by JMU Senior Leadership Team.

March 29, 2021

Budget office provides tuition and fee data as recommended by JMU executive management (i.e. President, Sr. VP Admin & Finance) for Board of Visitors meeting on April 16, 2021.

April 16, 2021

Board of Visitors meeting.

Mid-April 2021

Governor normally signs Appropriation Act.

June 1, 2021

FY 2022 beginning budget uploaded to financial accounting system.

Week of June 21, 2021

Distribution of FY 2022 operating and personnel budgets to university divisions.

Note:

Schedule does not include:  cost to continue, initiatives or reserve requests.  These items will be considered if additional funding becomes a possibility during the budget process.




RESOURCES

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