Budget Process Timeline
FSU Annual Budget Approval Timeline
Frostburg State University (FSU), as a public university within the University System of Maryland (USM), must secure budget approval from several key state departments, including the Department of Budget Management (DBM) and the Department of Legislative Services (DLS). This rigorous process spans an entire year.
July (Year 1)
- USM negotiates state appropriation amounts and mandatory cost increases with the DBM.
- USM forwards negotiation results to campuses.
- FSU begins to build the internal budget request process.
September
- FSU submits the budget request (a three-month process culmination).
- USM reviews and forwards requests to the DBM for approval.
October
- Campuses submit proposed tuition & fees increases to the USM.
December
- Campuses adjust budget requests as required by DBM, typically finalized by December 26th.
January
- The revised budget (“DBM Governor’s Budget”) is submitted to the legislature for DLS review.
January - March
- DLS reviews the Governor’s Budget and makes recommendations.
- Each campus defends its budget before House and Senate sub-committees.
April
- Legislative session ends.
- Campuses begin internal distribution of the “Working Budget.”
- The Board of Regents (BOR) approves room & board rates.
May
- BOR approves tuition & fee schedules.
- Campuses finalize Working Budget submissions after divisional review.
June
- The Governor signs the budget bill.
- The university budget is finalized and loaded into Workday Financial.
July (Year 2)
- The Working Budget is submitted to DBM.
- The new fiscal year begins.