The guiding principle for budget reform is to develop and incorporate a system that permits colleges/schools to define their paths while allowing the campus to invest strategically. The system should be integrated with campus strategic priorities, work across disciplines, and support all mission areas. It should also have the flexibility to allow for investments at the college and university levels that support our values and University-wide excellence. Based on these fundamental principles, we have entitled the budgeting framework Integrated and Value-Centered Budgeting.
Actions underway as of Fall 2017 include:
- Integrated and Value-Centered Budgeting White Paper drafted;
- Public presentations on Integrated and Value-Centered Budgeting:
November 2, 2017, “Provost Coffee” presentation by Paul Ellinger, Associate Chancellor and Vice Provost for Budget & Resource Planning
- Meeting with deans and department heads on financial reporting best practices;
- Charging the Budgeting Reform Implementation Committee to provide recommendations on model parameters and implementation considerations to the Steering Committee, Chancellor, and Provost; and
- Periodic meetings with the Campus Budgeting Reform Steering Committee to assess reports from the campus working groups on budgeting model components and data.