The budget development page was created to aid CU Boulder departments in creating their annual budgets. If you are a CU Boulder entity and would like consultation when creating your budgets, please contact us using our online form.
General Fund budget approval timeline
In prior years, BFP established a General Fund continuing budget cutoff date in mid-April to prepare for the following fiscal year’s C-ROLL (continuing budget roll forward).
Starting this year, the C-ROLL will now be prepared in the new Anaplan budget tool. Campus units will use the budget tool to plan their FY25 starting General Fund continuing budget at the speedtype and account code levels. General ledger data is currently flowing into the budget tool via a nightly automatic process, meaning that budget journal entries submitted to PeopleSoft and approved on the general ledger will automatically appear in Anaplan after the CIW nightly refresh.
On Friday, April 19, 2024, this nightly refresh will be paused. Campus units should therefore not make any General Fund continuing budget journal entries starting on April 19. If units would like to make continuing budget changes after this date, best practice would be to indicate continuing budget changes in Anaplan to take effect on July 1 of FY25. If continuing budget journal entries must be made after this date for FY24, they should be made within the same level 5 org on the same account codes, and budget tool users must also manually indicate the changes in Anaplan.
FY25 starting General Fund continuing budget plans in Anaplan are due by Friday, June 14. After this date, a review and approval workflow will take place, and BFP will submit approved budget plans via journal entry into PeopleSoft, effective July 1 of FY25.
Please reach out to budgettool@colorado.edu with any questions about the Anaplan budget tool and the FY25 budgeting process.
Planning parameters
CU Boulder's planning parameters by fiscal year (PDF)
Auxiliary fund budget development
Auxiliary budget information and instructions (PDF)
Cash carryforward management
Compensation Budget Management
- Salary and benefit budgets should be aligned with estimated actual salary and benefit expenses for the fiscal year.
- General Fund salary and benefits budget amounts should align with each other according to current year fringe benefits rates. Visit this webpage for more information on fringe benefits rates.
- When converting non-salary budget to salary budget, the corresponding benefits budget must be converted as well.
- General Fund salary and benefits budgets should be reviewed and adjusted as needed prior to the FYE General Fund continuing BJE cutoff in mid-April, so that necessary increases and decreases can be allocated. Each year in July, BFP manages increases and decreases to continuing benefits budget amounts due to year-on-year changes in fringe benefits rates.
Rate additive budget development and insurance allocation timeline
Each fiscal year, BFP works with rate additive units to develop budgets for the following year, and allocates premiums for General Liability and Property Insurance to campus units. Here is the annual timeline:
- In November, BFP begins collecting relevant data from University Risk Management, the Office of Data Analytics, and other key stakeholders regarding CU Boulder insurance allocations for the following fiscal year
- In January, budget request templates for the following fiscal year are sent to rate additive units, to be submitted to BFP in February
- In March, campus units will be notified of General Liability and Property Insurance premium allocations for the following fiscal year
- Annual insurance payments for the new fiscal year will be posted by BFP in July; monthly allocations will be dated the first of each calendar month
Inflation