Integrated & Value-Centered Budgeting
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.
As recommended by CBATF, committees, and working groups, the goals of the system should:
- Promote transparency;
- Include components that allow for predictability;
- Encourage good stewardship;
- Ensure accountability;
- Enhance responsiveness to strategic goals/priorities;
- Facilitate multi-year planning; and
- Stimulate appropriate incentives.
Importantly, the general framework necessitates a balance between the university’s flexibility and capacity to invest in interdisciplinary priorities and a college’s/school’s flexibility and capacity to define its trajectory.
Actions underway as of Fall 2017 include:
- Periodic meetings with the Campus Budgeting Reform Steering Committee to assess reports from the campus working groups on budgeting model components and data;
- Charging the Budgeting Reform Implementation Committee to provide recommendations on model parameters and implementation considerations to the Steering Committee, Chancellor, and Provost;
- Meeting with deans and department heads on financial reporting best practices; and
- 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