University Budget Advisory Committee (UBAC)

University Budget Advisory Committee (UBAC)

The University Budget Advisory Committee (UBAC) serves as an advisory body to the President on matters related to the development, implementation, and review of the university’s annual operating and capital budgets. The committee promotes transparency, collaboration, and strategic alignment in financial planning, and ensures that budgetary decisions support the mission, values, and long-term priorities of the university.

 

Legislature and UHD Budget Planning and Development

The UHD budget planning timeline is dependent on whether it is a year state legislators will meet. 

Whether it is a legislative year or not, the University Budget Advisory Committee’s (UBAC) first meeting of the budget planning and development cycle for the next fiscal year budget typically convenes in November.  Subsequent meetings are convened, lasting through February or April. 

 

In legislative years (old calendar years), UBAC meetings last through April, while the legislature’s regular session concludes in May.  State agencies and institutions of higher education must wait for final state appropriation amounts for the next two fiscal years (biennium) to be communicated, which may occur in June, at the earliest. 

The UHS Board of Regents considers budgets for the upcoming fiscal year in August. 

 

In non-legislative years (even calendar years), UBAC meetings last through February.  The university already knows the state appropriation amounts for the upcoming fiscal year since it was determined during last year’s legislative session.  Revenue and expense budget adjustment data entry in Hyperion for the upcoming fiscal year occurs in the month of March. 

The UHS Board of Regents considers budgets for the upcoming fiscal year in May.