Forecasts of financial position are completed on a regular basis, which may vary depending on Board of Regents requirements.

The Budget Office provides each Unit with a budget forecast template which includes the current year budget in detail (i.e. Base Budget, budget transfers, Adjusted Budget, year to date activity, encumbrances, and forecasted expenditures). Prior Fiscal Year actual expenditures and budget are also provided for comparative purposes.

These budget forecast templates are sent out to Units for completion. The responses from Units on their forecasted financial position for Fiscal Year ending March 31 is used to prepare summary reports for the Board of Regents, that provide the forecasted financial position of the University for the current Fiscal Year.

Units may anticipate completing budget forecast templates to facilitate the submission of the forecasted University financial position for current Fiscal Year at the October, December, and March meetings of the Board of Regents.