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Budget Development


Fiscal Year 2024/2025 Updates


SUNY has approved the FY24/25 budget on 9/26/2024 and all allocations have been loaded into BI.

Budget Facts & References


Budget Item Description Budget Rates
FY2024/25 Summer Pooled Offset Rate 31.0%
FY2024/25 Fringe Benefit Rate 63.95%
Fiscal Year 2025/26 Estimated Fringe Benefit Rate 63.95%
Administrative Overhead Rate 5.6%
Maintenance Overhead Rate 8.7%
Minimum Wage (effective 1/1/2025) $15.50

 

Budget Development, Guidance & Templates


FY25/26 budget development is set to kick off at the end of February. Guidance for each fund will be sent to account managers following the budget development timeline. 

Budget Development Training Opportunities — The Budget and Financial Reporting Office will be hosting two budget development open sessions in the Kehoe 6th floor conference room. These sessions will be held on March 17, 2025 from 10 a.m. – noon and March 18, 2025 from 1 – 3 p.m. Account managers can stop by the open sessions to ask a member of the budget and financial reporting office a budget question or to seek assistance in completing their respective budget templates.

Budget Development Materials

Learn more about budget basics in the Budget 101 Training Guide.

Download the FY25/26 IFR and SUTRA Budget Development Template

Budget Development Timeline 25/26

Budget Development & Management Process

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