Overview: Stanford's Annual Budget Cycle

Stanford's annual budget cycle commences in November and concludes in October of the following year. This is offset from Stanford's fiscal year which begins in September and ends in August. The budgeting process and related activities include reviewing actuals from the recently closed (i.e., prior) fiscal year, making projections for the current fiscal year, and forecasting / planning for the next fiscal year.

Click each section below to reveal details for each budget phase in the Stanford Budget Cycle: (Expand / Collapse All)

Graphic of Stanford's annual budget cycle in a round-shaped process - Budget Proposal (November - February), develop high-level plan; Budget Plan (March - April), prepare high-level forecast; Booked Budget (April - August), prepare detailed budgets; Year-End Variance Analysis (September - October), report prior year variances Budget Proposal (November to February), develop high-level plan Budget Plan (March - April), prepare high-level forecast Booked Budget (April - August), prepare detailed budgets Year-End Variance Analysis (September - October), report prior year variances