Financial Planning Process
Each Fiscal Year runs from September 1st through August 31st. Below is a basic guide and timeline of NYU’s financial planning cycle.
September
Close of the prior Fiscal Year
Schools’ Enrollment Planning Meetings
October
Fiscal Officer Meetings on Financial Plan with Administrative and Auxiliary Units
Provost Meetings with Deans on Academic Plans
Second Round of Enrollment Planning Meetings
November - December
Fiscal Officer Meetings on Financial Plan with Administrative and Auxiliary Units
Fiscal Officer Meetings on Financial Plan with Academic Units
Publish Version 2.0 of Financial Plan
January
Principal Meetings on Financial Plan with Administrative and Auxiliary Units
February
Principal Meetings on Financial Plan with Academic Units
March
Finalize Version 3.0 of Financial Plan with All Units
Calculate Second Quarter Variance Analysis and Year-End Projections
April
Publish Version 3.0 of Financial Plan for Finance Committee Review
May
Budget Submission Begins
June
Budget Submission Deadline (Date TBD)
July-August
Review Proposed Budgets
Investigate Year-End Variance Analysis
Prepare for Close of Fiscal Year
