NCAA Fiscal Year 2004-05 and Fiscal Year 2005-06

Biennial Budget Process

June 2003:

· Association-wide governance and championship liaisons meet with FIS to discuss biennial budget process.

July 2003 – February 2004:

· Staff liaisons meet with divisional and Association-wide committees to discuss proposed budget requests for the next two budget years (Beginning with the 2004-05 budget year).

October 2003:

· Executive Committee establishes preliminary strategic planning goals, objectives and strategies.

November 2003:

· Executive Committee Finance Committee review projected revenue and expense budget for fiscal year 2004-05 and fiscal year 2005-06 and recommends tentative allocations to support divisional and Association-wide initiatives.

January 2004:

· Draft strategic plan presented at the NCAA convention.

· Executive Committee approves recommended allocations from Executive Committee Finance Committee.

February 2004:

· Preliminary budget requests submitted to finance staff by February 6, 2004, from NCAA president, Association-wide committees, Division I committees and cabinets, and Division II and III committees and NCAA staff.  NCAA finance staff will summarize funding requests.

March 2004:

· Summary of biennial funding requests submitted to the NCAA president, and senior vice-presidents for review and recommendations.

March - April 2004:

· Budget hearings held by president with 1) senior vice-presidents for national office requests, and 2) governance staff, senior vice-president for championships/ educational services and selected senior management for Association-wide committee and championships requests.

April 2004:

· Executive Committee approves Association’'s strategic plan.

· Management Councils receive a listing of Association-wide and divisional budget requests.

April - June 2004:

· Divisional budget committees review divisional revenue distribution plans and budget requests, and recommend requests for funding.  Divisional budget committees review Association-wide committee funding.

· The NCAA president’'s and Association-wide budget recommendations transmitted to the Executive Committee Finance Committee.

· Executive Committee Finance Committee meets to establish two-year budget recommendations.

July 2004:

· Management Council receives the Executive Committee Finance Committee recommendations for Association-wide budget requests and divisional budget committees’' recommendations for divisional budget requests.

· Divisional budget committees and Executive Committee Finance Committee meet to finalize FY 2004-05 and FY 2005-06 divisional and association-wide budget allocations.

August 2004:

· Divisional presidential bodies approve divisional budgets.

· Executive Committee approves FY 2004-05 and FY 2005-06 Association-wide, and divisional budgets.

· Actions of Executive Committee, Board of Directors and Presidential Councils communicated to the membership.