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Fax: 202-885-6175

budget@american.edu

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University Budget Office 4400 Massachusetts Avenue NW Washington, DC 20016-8009 United States

University Budget Timeline of Key Milestones

Fiscal Years 2023 and 2024

Sep - Oct 2021 University Budget Committee and Enrollment Projections Begin

President appoints University Budget Committee (UBC), co-chaired by provost and CFO, vice president and treasurer.
Provost, Vice Provost for Undergraduate Enrollment, and Dean of Graduate and Professional Studies formulate undergraduate and graduate enrollment projections.
UBC co-chairs will announce dates for community open forums.

Nov 2021 Budget guidelines formed, strategic plan objectives requested

UBC recommends budget development guidelines to the president.
President issues budget call to President's Cabinet.
Faculty Senate and Staff Council review and recommend budget priorities to the UBC co-chairs.
The UBC co-chairs host campus-wide budget forums.
President presents budget development guidelines to the Board of Trustees (BOT) Finance and Investment Committee (November 11, 2021).

Jan 2022 Cabinet Submits Budget Proposals

Members of the President's Cabinet submit budget proposals to the president (due no later than January 31, 2022).

Feb - Mar 2022 UBC recommends balanced budget; President presents Budget to Board for approval

UBC recommends tuition, meal plan, housing and fee increases to the president.
BOT Finance and Investment Committee approves tuition, meal plan, housing and fee increases (February 24, 2022).
University Budget Office (UBO) submits summary of budget proposals to the president and UBC.
UBC reviews budget proposals and submits a set of recommendations and a balanced budget to the president.

Early April 2022 Campus-wide budget forums held; Board of trustees adopts budget

UBC co-chairs host campus-wide budget forums.
President consults with the President’s Cabinet. President presents proposed budget to the BOT Finance and Investment Committee.
Full BOT reviews and adopts the FY2023-24 budget.

May - June 2022 Budget summary published for campus community; Line-item budgets are implemented

Approved budget summary is published for the campus community.
Units submit revised budgets to the provost and vice presidents to reflect approved budget allocations.
Line-item budgets are sent to units for the new budget year that begins July 1, 2022.

Jul 2022 New Fiscal Year Begins

New fiscal year begins on July 1, 2022