The University of Massachusetts Amherst

Annual Budget Process Overview

The campus operates on a July 1st to June 30th fiscal year.  Revenue operations submit budgets five months before the start of the fiscal year, beginning a process that culminates in Board of Trustee approval in June.   All other fee increases need to be approved by the Budget Office before the new fiscal year begins.  In contrast, the unrestricted undesignated budget, comprised primarily of state funds and mandatory student fee revenue, is not finalized until early in the fiscal year after the state appropriation has been allocated and actual enrollment data is available.   Departments funded by central campus funds generally begin the fiscal year with the same budget as received in the previous year.  Depending upon the overall budget situation of the campus, increases or reductions to budgets normally occur early in the fiscal year.  Departments, schools and colleges are required to provide year-end projections at mid-year to support updates to campus operating budgets.  Departments also provide explanations of prior year balances and activity to the Budget Office in the fall for the previous fiscal year-end.

Most administrative and academic departments have a mixture of unrestricted, restricted, and revenue based funds as described below.  Restricted funds are primarily grants, gifts, and endowment income where budget periods and restrictions are set by outside entities.

The Budget Office presents summary information about the campus operating budget on the Budget Office website. Training on budget and finance topics is provided by Budget and Controller’s Office staff through Workplace Learning and Development (WL&D) to interested parties.

Administration & Finance Websites