Based on feedback from the Council of Deans and the Campus Budget Advisory Task Force, the Office of the Provost has committed to leading a comprehensive reform of the current budgeting process.
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.
Strategic Planning
- Integrated and Value-Centered Budgeting White Paper was drafted in December 2017.
- Meetings with deans and department heads focused on financial reporting best practices.
Committee Work
- Budgeting Reform Implementation Committee was charged to provide recommendations on model parameters and implementation considerations to the Steering Committee, Chancellor, and Provost.
- Periodic meetings are convened with the Campus Budgeting Reform Steering Committee to assess reports from the campus working groups on budgeting model components and data.
Budget Reform Timeline
| Date | Milestone |
|---|---|
| 7/1/2015 | CBATF charged |
| 1/29/2016 | COD retreat focus on budget |
| 2/19/2016 | CBATF mid-year report submitted |
| 3/23/2016 | Hiring of Vice Provost for Budget and Resource Planning (VRBRP) |
| 4/4/2016 | Hiring of Associate Director for Budget and Resource Planning |
| 4/15/2016 | Budget website launched |
| 5/6/2016 | CBATF final report submitted |
| 9/7/2016 | Budget Reform Steering Committee charged |
| 12/20/2016 | Budget Reform Working Groups charged |
| 5/15/2017 | Feedback received from Working Groups |
| 7/15/2017 | Preliminary revenue flow modeling done by OVPBRP |
| 9/22/2017 | Budget Reform Steering Committee reconvened |
| 10/1/2017 | OVPBRP conducts additional analysis on building, space, IT, and cost of “campus goods” |
| 10/8/2017 | Budget Reform Implementation Team charged |
| 11/10/2017 | Campus white paper on key budget reform issues |
| 1/12/2018 | Recommendation on key elements provided to campus leadership |
| 3/16/2018 | Revisions and refinements based on feedback from Chancellor, Provost, deans, CBOC, faculty, senate, etc. |
| 7/1/2018 | Final budget parameters identified and baseline allocations determined |
| 7/1/2019 | Change in budget allocations determined under budget reform parameters |
Previous Work on Campus Budgeting
Between 2006 and 2016, work was conducted by various governance bodies and ad hoc committees charged with considering revisions to the campus budgeting approach, budgeting principles, and the tuition allocation model. The reform efforts underway in 2017-18 will take that work into consideration.
Prior reports and analyses include:
- In Spring 2016, Interim Provost Ed Feser made a series of public presentations regarding the budget.
- In December 2012, the Committee on Organization for Excellence submitted its Final Report entitled Principles for Restructuring and Realignments.
- During 2006-2007, the Resource Allocation Subcommittee submitted its Final Report with Guiding Principles for Budget Assessments.
Updated 9/17/2019