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When does the budget development cycle begin for the next fiscal year?

April 26, 2017budget CYCLE Development next fiscal year

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When does the budget development cycle begin for the next fiscal year?

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• The budget development cycle normally begins in October of each year. A preliminary budget is presented to the Board of Trustees in November and a final budget is presented for approval to the Board at its April meeting. The Department of Treasury, Management and Budget is currently engaged in a 3-year budget planning process to better forecast the financial planning needs of the institution.