Timing of Critical Central Budget Processes

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Purpose

This section summarizes the timing and coordination of key central budget processes that affect position budgets, compensation, and budget model allocations.

ÌýÌýWhy this matters: Understanding these timelines helps units plan accurately, meet deadlines, and ensure budgets and compensation are updated correctly across fiscal periods.

Compensation Cycle Timing

Â鶹Ãâ·Ñ°æÏÂÔØBoulder operates two primary compensation cycles. Units are responsible for maintaining accurate rosters and completing required reviews to support timely compensation and budget updates.

  • Classified staff: July 1 compensation cycle
  • All other employees (academic faculty, research faculty, university staff): January 1 compensation cycle

January 1 Compensation Cycle

(Academic faculty, research faculty, university staff)

  • Units manage and review rosters for the January 1 population
  • Anaplan opens for roster review: October 15
  • Unit roster reviews due: December 6
  • HR review completed: December 31
  • HR loads updates to HCM: January pay period
  • BFP loads corresponding position budget increases: January business

Units must ensure positions are accurately budgeted in advance of BFP journal entry loads.

July 1 Compensation Cycle

(Classified staff)

  • Classified staff compensation is reviewed in Anaplan by units
  • Unit review deadline: June 21
  • HR loads updates to HCM: July pay period
  • BFP loads corresponding budgets: July business

July Budget Allocation and Budget Load

(July Operating Budget)

  • Units input July budget plans in Anaplan for the coming fiscal year by May 31
  • BFP review period: through June 14
  • BFP loads approved budgets: July business
  • Budget model allocations are distributed to units in July

These actions establish the starting budget for the new fiscal year.