Budget Process Timeline

Frostburg State University follows the process below to create and get approval for every annual budget. FSU is a public university and part of the University System of Maryland hence needing budget approval from the State of Maryland Departments such as the Department of Budget Management and Department of Legislative Services as well as the University System of Maryland. 

July 

University System of Maryland negotiates state appropriation amounts and mandatory cost increases with the Department of Budget Management

University System of Maryland forwards results to campuses

FSU begins to build the budget request process

September 

FSU submits the budget request (3-month process)

University System of Maryland staff reviews budget requests and forwards them to the Department of Budget Management for their review and approval

October
Campuses submit proposed tuition & fees increases to the University System of Maryland 
December
Campuses make adjustments to budget requests as required by the Department of Budget Management – adjustment process is typically completed around the 26th of December
January 
Revised budgets, now known as the “The Department of Budget Management Governor’s Budget”, are submitted to the legislature for the Department of Legislative Services review
January/February/March
The Department of Legislative Services reviews Governor’s Budget and makes recommendations to the legislature for them to accept or reduce; each campus defends this budget before sub-committees from both the House and Senate
April

The legislative session ends

Based on the legislative session, campuses begin internal distribution of budget now referred to as the “Working Budget”

Board of Regents approves room & board rates

May

BOR approves tuition & fee schedule

Campuses continue to prepare and submit the Working Budget after the University Divisional Vice President's input and approval

June

Governor signs budget bill

University budget finalized and loaded into the Workday Financial system

July

Working Budget is submitted to the Department of Budget Management

The new fiscal year begins

Contact Info:

Budget Office
Hitchins Building, Room 321
Telephone: 301.687.7051
Fax: 301.687.4344

Budget Resources

Budget Advisory Committee (BAC)

Capital Budget

FY23 Budget Overview

Workday Financials Information

 

Other Financial Departments

Comptroller's Office

Office of Accounts Payable

Payroll and Employee Services

University & Student Billing