Second Quarter

Dear Colleagues,

I am writing to inform you that the University’s Fiscal 2026 Second Quarter Forecast process will begin on January 1st. The University’s Quarterly Confirmation process allows schools, colleges and administrative units, in collaboration with the office of Budget and Planning, to summarize and report on factors impacting their forecasted performance for the current fiscal year. We ask that you use your best judgement in forecasting any potential budget variability (i.e. new costs, travel and meeting savings, etc.).

Fiscal 2026 Q2 submissions should summarize the major and relevant favorable and unfavorable items that may be causing any projected variances.  Any major budget variances should be identified and explained in an accompanying memo.

FY2026 2nd Quarter Forecast– Due Thursday, January 15th

• Instructions for the Integrated Planning (IP) tool are located on the Budget website.
• All memos and supporting documentation should be returned via e-mail to budgen@bu.edu.
• If you have no material variances to report, please submit an email confirming you have no variances to report at this time to budgen@bu.edu.
• Line item variances that do not contribute to the total income or total expense variance can be adjusted via the Budget Realignment Template.

Please feel free to contact your Budget Analyst directly for assistance or guidance with this process.

Thank You,

Maria Cruz

Associate Vice President for Budget, Planning and Business Affairs