Q3 (Mar, Apr, May)

At Mid Year, Review Budget Against Actual Expenses. Complete Graduate Aid Budget

Quarter three of the fiscal year covers March through May.  With half the fiscal year complete formal analysis of actual expenses compared to the budget allow for an updated year-end financial forecast and the completion of a budget plan for the upcoming fiscal year.  Planning for upcoming faculty recruitment and searches begin.  Graduate aid annual budgets are submitted by departments. 

Related Resources

A financial reporting job aid providing brief notes on selected financial reports recommended for answering the questions, "How have we been doing?", "How are we doing?", and "How do we think we will be doing?".
Slides from the Finance seminars held in the Spring 2019. These sessions provided an overview of creating a midyear financial forecast.