Third Quarter

Dear Colleagues,

I am writing to inform you that the University’s Fiscal 2026 Third Quarter Forecast process expectations and timeline has been determined . All areas will be required to submit a Q3 Budget Forecast. An overall review and analysis will be done by our office and if we notice any unusual trends or have any concerns, we may contact you directly for more information.  Please remember that even though you may not have material variances, we expect that you follow best business practices and perform an analysis internally and contact us with any concerns or issues.

Q3 submission should reflect the results of the short and long term fiscal controls, lapse salary savings and identify all opportunities for savings.

Your analysis should consist of an all-funds review and therefore include a review and projection of any material projected spend and savings on designated / restricted accounts.

FY2026 3rd Quarter Forecast– Due Wednesday, April 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.
• 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