I’m excited to see the arrival of spring with longer days and warmer temperatures. Spring always feels like a new beginning to me, and we have lots of new beginnings in the coming months here in the budget world.
Budget Model
After more than a year of hard work with university partners, we are moving closer to the implementation of our new budget model for FY23.
This month, we will continue to participate in budget model presentations in colleges and schools. So far, the new model has been presented to the School of Education, College of Engineering & Applied Science, Leeds School of Business and the Law School, with presentations to the College of Arts & Sciences, the College of Media, Communication and Information, Environmental Design and the College of Music on deck. Presentations for campus support units will take place later this spring and into summer/fall.
The engagement, questions and feedback we’ve received from campus faculty and staff so far have been fantastic and are helping us to build out additional tools and resources. You can find more information on the Budget Model Redesign website.
Rate-Based Service Activities (RBSA)
Budget & Fiscal Planning staff have been working with campus units to assist you with the rate-setting cycle for the fiscal year 2023 rate-based service activities. We’ve completed training with over 30 people, primarily representing new services, and we have continued to meet individually with existing unit partners through the spring. Currently, we are reviewing and approving the RBSAs for FY23 as they are received. Thank you for your engagement and collaboration in this effort.
FY23 Budget Preparation
As you begin to prepare your FY23 budgets, please reference our preliminary planning parameters to get the estimated salary increase pools, benefit rates and GAIR rate. If you would like consultation when creating your budgets, please contact us using our online form.
Thank you all for your partnership during my first months at CU Boulder and for creating such a warm, welcoming environment. I look forward to working through these new beginnings together with you, and anticipate a successful launch of our new budget model in FY23.
Mandy Cole, Assistant Vice Chancellor for Budget Management