FY2025 Operating & Capital Budget
FY2025 Budget
Below is a summary of the preliminary FY2025 Budget planning timeline. This document is meant to guide you in your planning and will be continuously refined with additional details as the development process evolves.
Please be sure to check back often for updates.
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FY2025 BUDGET PLANNING TIMELINE |
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| Description | Date |
| FY25 Budget Memos – Instructions, templates, and guidelines | November |
| Tuition, Fees, Room & Board – Guidance sent out | November |
| Tuition, Fees, Room & Board – Materials sent in | December |
| Executive Committee – Endowment, Tuition, Fees, Room & Board Approval | January 18 |
| UR Budget (Axiom) Open for data entry1 | January |
| UR Budget (Axiom) Global Drivers updated | February |
| UR Budget (Axiom) Endowments available | February |
| Strategy Meeting – URAC | March |
| FY25 Benefit Rates submitted to Federal government for approval | March 31 |
| Finance Meeting – URAC | April |
| Finance Meeting – URMC | April |
| Board of Trustee’s Meeting – Review Budget (Preliminary) | May 15 |
| Facilities and Planning Committee – Capital Budget Review | May 21 |
| Financial Planning Committee – Capital & Operating Budget Review | June 6 |
| Executive Committee – Capital & Operating Budget Approval | June 20 |
| Load Data into Workday | June 30 |
¹While this date is accurate for a majority of the University some offices are required to access UR Budget (Axiom) before this time if you are one of these offices your Finance Officer will reach out to you to let you know.
Questions can be addressed to budgetoffice@rochester.edu.