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The Office of Budget and Fiscal Planning develops and manages the college’s operating budget, and allocates resources efficiently & effectively to support the College’s mission and advance strategic priorities. The Office encourages cost efficiencies and best practices and develops a wide range of data & financial analysis for senior administration, the President, Board of Trustees and the NJ Office of Management and Budget to assist in planning for the future.
FY26 Budget Open Forum Presentation
Releasing FY26 Budget Change Request Funds
The Office of Budget & Fiscal Planning offers budget training and group workshops via Webex several times throughout the year, usually before major deadlines related to the annual budget cycle. Pre-recorded webcasts on the annual budget request process and other instructional videos are also available via the Office’s intranet site. For any inquiries regarding Adaptive Planning, budget transfers, or unit budget allocations and forecasts, all members of the Budget Office can be reached via their college telephone extensions – though, to ensure all inquiries are promptly addressed, the best form of contact at this time is through email. For contact listings, please visit the Office of Budget & Fiscal Planning contact webpage.
Date | Action | Who |
July 1, 2025 | FY25 Funding available, including approved Budget Change requests | Budget Office |
Mid August | Fund balances roll from FY25 to FY26 | Accounting |
October | Fall Enrollments updated in Adaptive | Budget Office & Enrollment Management |
October | Waiver yields for FY26 provided to Budget | Admissions |
November | College submits FY27 appropriation request to NJOMB | Budget Office |
January 2026 | Distribution of the FY27 Capital Planning memo to Unit Directors | Michael Yankovich |
January | Distribution of the FY27 Budget Planning memo | Budget Office |
February | FY26 Capital Requests submitted to core Vice Presidents | Unit Directors |
February | FY27 Capital Requests submitted by core Vice Presidents to VP Yankovich | Vice Presidents |
March | Spring Enrollments updated in Adaptive | Budget Office & Enrollment Management |
March | Governor presents a recommended State Budget for FY27 | State of New Jersey |
March 1 * | FY26 VP‐approved budget changes submitted in Adaptive | Unit Directors |
March | FY27 Projections for revenue-generating (including auxiliary) units due to Budget Office | Unit Directors |
March | FY27 Projections for undergraduate & graduate adjunct & overload costs due | Provost’s Office |
March | Review of Capital requests by VP Yankovich, Facilities, and Capital Planning, with recommendations submitted to the Mission Element Team (MET) |
Michael Yankovich and MET |
March – May | State holds budget hearings | State of New Jersey |
May | Presentation of DRAFT FY27 Budget in Open Forum | VP FHC |
Mid May | Review & approve Budget Change and Capital requests | Mission Element Team (MET) |
End of May | FY27 budget freezes for review and approval prior to BOT and Resources Committee | Budget Office |
June 1 * | Last day to request FY26 Budget Change funding | Units & Budget Office |
June | Legislature approves the FY27 State Budget and the College’s appropriations | State of New Jersey |
June | Governor signs Final Appropriations Act into Law | State of New Jersey |
June | Board of Trustees approve the College’s budget and sets tuition and fees | Board of Trustees |
July 1 | Availability of FY27 operating budgets and approved change requests | Budget Office |
Mid August | Fund balances roll from FY26 to FY27 | Accounting |
* Should March 1 or June 1 fall on a weekend, requests are due the Monday thereafter
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