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Budget Cycles & Training

The University of Tennessee receives funding, known as state appropriations, from the State of Tennessee.  The Health Science Center funding is allotted in three sources — College of Medicine Units, Memphis Other Specialized Units, and Family Medicine Units. The budget each year is prepared and reported as defined by those appropriation funding units.

There are six major budget cycles involved throughout the fiscal year.  Those budget periods are:

  • Proposed Budget – The proposal of anticipated budget for the upcoming fiscal year
  • Original Budget – The budget approved by the Board of Trustees
  • State Appropriations Request – The request to the State of Tennessee through the Tennessee Higher Education Commission (THEC) for funding of the next fiscal year
  • Revised Budget – The reflection of budget changes since the Original Budget was approved
  • Mid-Year Projections – The review of budget performance midway the fiscal year
  • Probable Budget – The adjustment of the budget to the anticipated or likely activity of the fiscal year
May 26, 2022