Featured Quicklinks

PBCS User Guide

User Guide for Oracle Planning and Budgeting Cloud System (PBCS)

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RCM at Penn

Penn has utilized the Responsibility Center Management (RCM) model since 1974. Under this model, all Schools and Responsibility Centers are responsible for managing their direct revenue and expense.

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Budget Checklist

A detailed checklist covering materials to be submitted by Schools and Centers as well as budget checks necessary prior to submission

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Updates
October 15, 2021

FY21 Forecaster Awards

At a recent Budget Officer’s Forum, the FY21 Forecaster Award winners were announced. The School of Veterinary Medicine won “Best School Forecast” for the first time in the history of the awards! Penn Libraries won “Best Resource Center Forecast” and The Office of Facilities and Real Estate Services won the award for “Best Administrative Center” […]

July 20, 2021

FY22 Budget Calendar

The FY2022 Budget Calendar is now available on our homepage. A .pdf version is available at the link below. Please refer to it throughout the year for key deadlines and relevant meeting dates.

June 11, 2021

FY22 Budget Book Now Available

The FY22 Budget Book is now available. This annual publication provides dynamic information on anticipated revenue and expense for the upcoming fiscal year in support of the day-to-day activities of the University, individual responsibility centers, and the Health System. Please contact the Budget Office for more information or to arrange a training session for your […]

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BUDGET CALENDAR FISCAL YEAR 2022
Planning Released for Data Entry

Early August

AIF Income Lines Pre-Populated

Late August

FY2023 Budget Call & Preliminary Planning Parameters

Early October

FY2022 1st Quarter Forecasts Due

Friday, October 15, 2021

Updated Multi-Year Budgets Due (FY2023 – 2027)

Friday, October 29, 2021

Fall Budget Review Meetings (Schools)

Nov – Dec

Trustees Review Planning Parameters

Thursday, December 9, 2021

FY2022 2nd Quarter Forecasts Due

Friday, January 14, 2022

Centers Updated Multi-Year Budgets Due (FY2023 – 2027)

Friday, January 21, 2022

Schools Updated Multi-Year Budgets Due (FY2023 – 2027)

Friday, January 28, 2022*

Winter Budget Review Meetings (Centers)

Feb – Mar

Trustee Vote on FY2022 Tuition Resolution

Friday, March 4, 2022

FY2023 Guarantee Letters & Final Planning Parameters

Late March

FY2022 3rd Quarter Forecasts Due

Friday, April 15, 2022

Centers Final FY2023 Submissions & Narratives Due

Friday, April 22, 2022

Schools Final FY2023 Submissions & Narratives Due

Friday, April 29, 2022

FY2023 Budgets Sent to Ledger

Friday, June 3, 2022

Approval of FY2023 Budget by the Trustees

Friday, June 10, 2022

* Only required if budget parameters change or if requested by the Provost at fall meeting.