Budget Calendar

Budget and Planning Process

FY 2025-26

Updated: March 5, 2025

Notes:
-For questions on dates preceded with an asterisk, please contact compensation@cornell.edu
-For all other questions, please contact ubo-help@cornell.edu

FY26 Budget Cycle Calendar (pdf)

Longview System Availability 7:30am – 9pm
DATE DESCRIPTION
January Commitments shared with Colleges & Units via Box folders.
January 10 In-year Forecast Template shared with Colleges & Units via Box folders
January 16 FY25 Base Budget Adjustment e-docs cut off date (e-docs should be completed and in final status)
January 23 Initial load into Longview Budget Planning System
January 30 – Feb 1 Board of Trustees meeting
February 3 Longview Budget Planning System open to College & Unit Level Users
February 5 Cutoff to finalize commitment information with UBO
February 7 FY25 in-year Forecast due to UBO
February 10 Planning assumption PDF posted
February 10 – 21 Campus training and review sessions of Longview Budget Planning System
February 10 Longview Budget Planning System open to Department Level Users
February 12 – 14 Long term pool estimated income loaded – Note: Contingent on Board of Trustee approval
March 3 SIP eligibility set in Longview Budget Planning System. Eligibility based on hire date by Feb 28
March 6 FY26 Budget Narrative Template shared with Colleges & Units
March 10 Budget model data information posted
March 10 D-Level closing at 9pm, or date communicated by C-Level UBOG member of each College/Unit to their departments
March 12 Cut off to finalize outstanding questions/concerns related to the budget model data with UBO
March 14 Budget Letters distributed
*March 17 (tentative) Workday Merit reports available for planning College & Unit awards
March 28 Distribution of Operating-Capital reports for review with planned capital activity in FY26
April 8 Longview Budget Planning System module closed to College & Unit Level Users at 9pm
April 11 College & Unit narrative due to UBO
April 14 – 18 University Roll-up completed for campus leadership review
April 21 – 25 (If required) – Longview Budget Planning System reopened to accommodate leadership directives
April 28 – May 2 May Book completed for Board of Trustees
May 21 – 23 Board of Trustees meet to approve operating budget and capital plan
*May 27 – June 2 (tentative) Workday Merit Grid open for College & Unit merit planners and HR partners to enter, submit, and approve awards. No SIP award must include a comment (i.e., terminated, performance related, included in offer, etc.)
June 9 Set the FY26 Trustee Budget in Longview (all subsequent dates listed that pertain to opening Longview, pertain to the Final Budget – not Trustee Budget).
June 12 Longview Budget Planning System module open to College & Unit Level Users upon request (prior to SIP Apply)
June 17 – 20 Close Longview Budget Planning System to all level users at 9pm
*June 17 – 20 (tentative) Workday to generate Merit notification letters to employees
June 24 – 27 Longview Budget Planning System updated to include SIP Awards
June 27 Longview Budget Planning System planning modules reopened, at Noon, to College & Unit level users for Final Balancing of accounts
July 1 UBO begins final budget review
*July 1 New Compensation rates effective
July 24 FY26 Budget loaded to the general ledger (KFS)