Mission

Ensure transparency, accuracy, and alignment with institutional goals by providing strategic guidance, financial planning, and resource management—delivered through collaborative budget development, analysis, and reporting in partnership with campus leadership.

Snowy Range Mountains

 

 

Previous Fiscal Years

Key stages & Timelines overview

The University of Wyoming operates on a two-year (biennial) budget cycle established by the State of Wyoming. The budget process for the University of Wyoming involves several key stages, from initial planning and presentations to final approval by the Board of Trustees.

March-April

  • Early Spring (March): The University's Budget Office provides training to budget managers on the Planning and Budgeting system.
  • Middle March - Early April: Division/College budget review sessions with the President, VPs, and Deans.
  • Late March: The Board of Trustees reviews any major state budget changes impacting the preparation of the next fiscal year's budget.
  • Late Spring (May): Budget Committee hearings for individual colleges, schools, and divisions.
  • Middle May: Units present their proposed budgets to the Budget Committee of the Board of Trustees.
  • Middle May: Budget Committee update on the FY2026 budgetto the full Board of Trustees.

June

  • June: Budget Committee update on the FY2026 budget to the full Board of Trustees.
  • Middle June: Board of Trustee's conference call to discuss the budget.
  • June 30: End of the fiscal year.

July

  • July 1: Beginning of the new fiscal year.

Key Players:

  • UW Budget Office: Responsible for developing and managing the university's budget.
  • Board of Trustees: Approves the university's budget.
  • President and Vice Presidents: Oversee the budget development process within their respective areas.
  • Deans: Responsible for the budgets of their respective colleges.
  • State Budget Division: The central budget office for all state government, including the University.
  • Wyoming Legislature: Approves the biennial budget for the state, including the University.

Additional Notes:

  • The budget process is a collaborative effort involving various stakeholders at the university and within the state government.
  • Training and guidance are provided to budget managers throughout the process.
  • The Board of Trustees plays a crucial role in reviewing and approving the budget, and their hearings are open to the public.