Why a New Model?

“The budget should serve as a tool for accomplishing our mission” as a comprehensive public teaching and research university.

The Goals for the New Model

Provide greater flexibility for strategic investments and to respond to the rapidly changing higher education landscape, including opportunities and crises that may arise.
Increase transparency, enabling the campus community to better understand and engage in budgetary discussions that further the university’s mission and strategic objectives.
Better reflect our values and priorities, instead of reflecting legacy decisions that may no longer be relevant.
Provide enhanced incentives to support and reward growth in key areas, respond to declines, and ensure accountability for the use and allocation of funding.
Focus on the whole allocation, and not just the incremental changes that might occur year-over-year.

Conversations held with campus stakeholders over the past few years point to a budget model that should:

Foster trust and responsibility around decision-making
Provide predictable funding to support our ability to be strategic in our planning